KUALA LUMPUR, Aug 17 ― 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 RM21.98 billion in the conventional system and RM9.52 billion in Islamic funds.
BNM will conduct three conventional money market tenders of RM1.5 billion for seven days, RM500 million for 15 days and RM500 million for 33 days.
The central bank will also conduct two Qard tenders of RM1.2 billion for seven days and RM1.2 billion for 13 days.
At 4pm, BNM will conduct an up to RM19.5 billion in conventional overnight tender and a RM7.2 billion overnight Qard. ― Bernama
