KUALA LUMPUR, July 29 — 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 RM28.15 billion in the conventional system and RM17.42 billion in Islamic funds.
BNM will conduct a RM5 billion range maturity auction tender for four to 63 days, a RM6.19 billion Qard tender Islamic range maturity auction for seven to 21 days and a RM500 million commodity murabahah programme for 32 days.
The central bank will also conduct a RM1.2 billion repo tender for 32 days.
At 4pm, BNM will conduct up to RM21.5 billion in conventional overnight tender and a RM10.8 billion overnight Qard. — Bernama
