KUALA LUMPUR, March 28 — 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 RM37.78 billion in the conventional system and RM11.94 billion in Islamic funds.
BNM will conduct Qard tenders of RM1.5 billion for seven days, RM1.1 billion for 14 days and RM600 million for 21 days.
It will also call for a range maturity auction money market tender worth RM5 billion for 2-31 days, as well as, a RM500 million reverse repo tender for 31 days.
At 4pm, BNM will conduct up to RM33.3 billion in conventional overnight tenders and a RM8.8 billion Qard overnight tender. — Bernama
