KUALA LUMPUR, Aug 15 — 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 RM27.08 billion in the conventional system and RM11.75 billion in Islamic funds.
BNM will conduct four conventional money market tenders, comprising RM2.0 billion for seven days, RM1.0 billion for 14 days, RM1.0 billion for 31 days and RM1.0 billion for 63 days.
The central bank will also conduct a RM500 million repo tender for 63 days, a RM3.2 billion Qard Islamic Range Maturity Auction for three to 31 days and a RM500 million commodity murabahah programme tender for 31 days.
At 4 pm, BNM will conduct up to RM21.0 billion in conventional overnight tender and a RM8.1 billion overnight Qard. — Bernama
