Short-term rates to remain stable
Short-term interbank rates are expected to remain stable today as Bank Negara intervenes to absorb excess liquidity from the financial system through various instruments.
The central bank estimated today's liquidity at RM30.146 billion in the conventional system and RM11.084 billion in Islamic funds.
The bank will call for a RM9 billion range maturity auction tender for between two days and 92 days, a RM4.9 billion Al-Wadiah tender for two days to 92 days and a RM300 million Commodity Murabahah Programme for 30 days.
The central bank will also call two repo tenders, comprising RM300 million for 31 days and RM100 million for 92 days.
At 4pm, Bank Negara will conduct up to RM20.7 billion in conventional overnight tender and a RM6.1 billion for Al-Wadiah overnight tender.-- Bernama