KUALA LUMPUR, July 20 ― Short-term rates are expected to remain stable today on Bank Negara Malaysia's (BNM) continuous intervention to absorb excess liquidity from the financial system.
The central bank estimated today's liquidity at RM31.93 billion in the conventional system and RM12.08 billion in Islamic funds.
BNM will conduct three conventional money market tenders of RM2 billion, each for seven days, 14 days and 30 days respectively.
The central bank will also call for one Repo tender of RM1.3 billion for 33 days and a Qard Islamic range maturity auction of RM3.75 billion for seven days to 21 days.
At 4pm, BNM will conduct an up to RM24.5 billion in conventional overnight tender and a RM8.4 billion overnight Qard. ― Bernama
