KUALA LUMPUR, Oct 14 — 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 RM30.49 billion in the conventional system and RM11.45 billion in Islamic funds.
BNM will conduct four conventional money market tenders comprising RM1.5 billion for seven days, two RM1 billion tenders for 14 days and 31 days respectively, and a RM500 million tender for 61 days.
The central bank will also call for a repo tender of RM1 billion for 31 days, a Qard Islamic range maturity auction of RM3.2 billion for seven to 21 days, and a RM200 million Commodity Murabahah Programme for 61 days.
At 4 pm, it will conduct up to RM25.5 billion in conventional overnight tender and a RM8 billion overnight Qard. — Bernama
