KUALA LUMPUR, Aug 25 — 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 RM30.44 billion in the conventional system and RM11.98 billion in Islamic funds.
BNM will conduct five conventional money market tenders, namely two RM1 billion tender, each for 14 and 61 days respectively, RM1.5 billion for 32 days and two of RM2 billion for four days and seven days.
The central bank will also call for a Qard Islamic range maturity auction (iRMA) for RM3.5 billion for seven days to 32 days, as well as one reverse repo of RM210 million for 32 days.
At 4pm, BNM will conduct an up to RM23.5 billion in conventional overnight tender and a RM8.5 billion overnight Qard. — Bernama
