KUALA LUMPUR, Dec 1 — Short-term rates are expected to remain steady today on Bank Negara Malaysia’s continuous intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM33.74 billion in the conventional system and RM11.80 billion in Islamic funds.
It will also conduct three conventional money market tenders of RM2 billion for seven days, RM1.0 billion for 14 days and RM500 million for 33 days.
BNM will also undertake two Qard tenders of RM2.7 billion for seven days and RM400 million for 14 days.
At 4pm, BNM will conduct an up to RM30 billion in conventional overnight tender and a RM8.7 billion overnight Qard. — Bernama