KUALA LUMPUR, Nov 7 ― 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 RM35.09 billion in the conventional system and RM10.81 billion in Islamic funds.
The central bank will conduct four conventional money market tenders comprising RM3 billion for seven days, RM2 billion for 14 days, RM2 billion for 21 days and RM3 billion for 30 days.
It will also conduct four Qard tenders comprising RM900 million for seven days, RM850 million for 14 days, RM1.5 billion for 21 days and RM200 million for 30 days.
In addition, the central bank will conduct a reverse repo tender of RM300 million for 14 days.
At 4pm, BNM will conduct up to RM25.4 billion in conventional overnight tender and a RM7.4 billion Qard overnight tender. ― Bernama
