Short-term rates to remain stable as BNM steps in
Short-term rates are expected to remain stable today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system, dealers said.
The central bank estimated today's surplus at RM17.31 billion in the conventional system and RM8.41 billion in Islamic funds.
It will conduct four RM1 billion conventional tenders for seven, 14, 21 and 28 days respectively.
Bank Negara will also conduct three Al-Wadiah tenders comprising RM1.5 billion for seven days, RM1 billion for 15 days and RM1 billion for 30 days.
It will conduct a RM300 million repo tender for 92 days and a RM100 million commodity murabahah programme for eight days.
The central bank said it will conduct a conventional overnight tender for up to RM13.3 billion and a RM4.7 billion Al-Wadiah overnight tender at 4pm.
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