Short-term rates to remain steady on BNM’s intervention
KUALA LUMPUR, Dec 1 — Short-term interbank rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity from the financial system.
BNM estimated today’s liquidity at RM44.55 billion in the conventional system and RM12.70 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM8 billion for seven days, a Qard of RM2.3 billion for seven days and a reverse repo of RM495 million for 122 days.
A commodity murabahah programme of RM2.3 billion for seven days will also be called.
At 4pm, BNM will conduct an up to RM35 billion in conventional overnight tender and a RM8.1 billion overnight Qard. — Bernama
