KUALA LUMPUR, May 6 — Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb surplus liquidity from the financial system.
The central bank estimated today’s liquidity at RM30.58 billion in the conventional system and RM11.79 billion in Islamic funds.
BNM will conduct two repo tenders of RM300 million for 32 days and RM500 million for 45 days, as well as a RM500 million Commodity Murabahah Programme tender for 32 days.
The central bank will also call for two conventional money market tenders of RM2.5 billion for seven days and RM1.5 billion for 14 days as well as a RM4.3 billion Qard Islamic Range Maturity Auction for five to 21 days.
At 4pm, BNM will conduct an up to RM25 billion in conventional overnight tender and a RM7 billion overnight Qard. — Bernama
