KUALA LUMPUR, Oct 27 — 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 RM33.21 billion in the conventional system and RM13.80 billion in Islamic funds.
The central bank will conduct a RM4.6 billion Islamic range maturity auction Qard tender for 7-21 days and two Commodity Murabahah Programme tenders comprising RM1 billion for 31 days and RM1billion for 61 days.
It will also call for four conventional money market tenders comprising RM2 billion for seven days, RM2 billion for 14 days, RM2 billion for 31 days and RM1 billion for 91 days.
At 4pm, BNM will conduct up to RM26.2 billion in conventional overnight tenders and a RM7.2 billion Qard overnight tender. — Bernama
