Saturday October 21, 2017
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The logo of Bank Negara Malaysia is seen at its headquarters in Kuala Lumpur. — Picture by Yusof Mat IsaThe logo of Bank Negara Malaysia is seen at its headquarters in Kuala Lumpur. — Picture by Yusof Mat IsaKUALA LUMPUR, Oct 21 — Short-term rates are expected to remain stable next week with Bank Negara Malaysia likely to offer tenders to absorb surplus funds from the system.

For the week just-ended, the overnight rate was quoted at 2.97 per cent, while the one-, two- and three-week rates stood at 3.02 per cent, 3.06 per cent and 3.11 per cent respectively.

The central bank intervened on a daily basis to mop up surplus liquidity by conducting conventional money market tenders, Qard tenders, range maturity auction tenders, repo and reverse repo tenders, and Commodity Murabahah Programmes.

The total liquidity surplus in the conventional system for the week just-ended narrowed to RM27.79 billion from RM29.58 billion last week, while in the Islamic system, it fell to RM5.90 billion versus RM7.21 billion previously.

The benchmark three-month interbank rate stood at 3.43 per cent. — Bernama

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