KUALA LUMPUR, Nov 8 ― 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 RM36.64 billion in the conventional system and RM10.49 billion in Islamic funds.
The central bank will conduct a RM10 billion range maturity auction tender for 2-92 days and a RM500 million repo tender for 30 days.
It will also conduct four Qard tenders comprising RM1.7 billion for seven days, RM600 million for 14 days, RM1 billion for 21 days and RM200 million for 30 days.
At 4pm, BNM will conduct up to RM26.1 billion in conventional tenders and a RM7 billion Qard tender. ― Bernama
