KUALA LUMPUR, Nov 20 — 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 RM34.12 billion in the conventional system and RM13.83 billion in Islamic funds.
The central bank will conduct four conventional money market tenders worth RM3 billion for seven days and 14 days, and RM2 billion for 21 days, as well as, 30 days.
It will also conduct three Qard tenders comprising RM1.6 billion for seven days, RM1.8 billion for 14 days and RM1.4 billion for 21 days.
The central bank would also carry out a RM380 million reverse repo tender for 30 days.
At 4pm, BNM will conduct up to RM24.5 billion in conventional tenders and a RM9.1 billion Qard tender. — Bernama
