KUALA LUMPUR, Aug 3 — 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 RM27.28 billion in the conventional system and RM10.34 billion in Islamic funds.
BNM will conduct three conventional money market tenders worth RM2.5 billion for seven days and RM1.5 billion each for 33 days and 47 days respectively.
The central bank will also carry out a RM3 billion Qard tender Islamic range maturity auction for eight to 21 days.
At 4pm, BNM will conduct an up to RM21.5 billion in conventional overnight tender and a RM7.4 billion overnight Qard. — Bernama
