KUALA LUMPUR, Oct 24 — Short-term rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM36.87 billion in the conventional system and RM10.20 billion in Islamic funds.
The central bank will conduct four conventional money market tenders comprising of RM3 billion each for seven days and 14 days, respectively and RM1.5 billion each for 21 days 31 days, respectively and a Commodity Murabahah Programme of RM800 million for 31 days.
It also will conduct four Qard tenders comprising RM100 million for seven days, RM600 million each for 14 days and 31 days, respectively and RM1.2 billion for 21 days and a reverse repo tender of RM300 million for 14 days.
At 4pm, BNM will conduct up to RM28.2 billion in conventional overnight tenders and a RM6.9 billion Qard overnight tender. — Bernama
