KUALA LUMPUR, Aug 26 — 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 RM25.36 billion in the conventional system and RM12.99 billion in Islamic funds.
BNM will conduct two conventional money market tenders of RM1 billion for 31 days and RM2 billion for seven days as well as a Commodity Murabahah Programme of RM750 million for 31 days.
The central bank will also call for a Qard Islamic range maturity auction (iRMA) for RM2.1 billion for 6-20 days, two repo tenders of RM500 million for 61 days and RM600 million for 31 days.
At 4pm, BNM will conduct up to RM21.5 billion in conventional overnight tenders and a RM10.2 billion overnight Qard. — Bernama
