Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) continuous intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM28.52 billion in the conventional system and RM9.77 billion in Islamic funds.
BNM will conduct three conventional money market tenders worth RM1.5 billion for seven days, RM1 billion tender for 14 days and a RM500 million tender for 33 days.
The central bank will also conduct a repo tender worth RM600 million for 61 days, three Qard tenders worth RM1.7 billion for seven days and RM200 million tenders for 14 days and 21 days.
At 4 pm, it will conduct an up to RM25 billion in a conventional overnight tender and a RM7.7 billion overnight Qard.