Short-term rates are expected to remain steady today on Bank Negara Malaysia's (BNM) continuous intervention to absorb excess liquidity from the financial system.
The central bank estimated today's liquidity at RM38.19 billion in the conventional system and RM13.2 billion in Islamic funds.
BNM will conduct a range maturity auction (RMA) money market tender, comprising RM8 billion for five days to 32 days, three Islamic range maturity auction (iRMA) Qard tenders of RM1.1 billion for seven days, RM200 million for 14 days and RM1.2 billion for 21 days.
The central bank will also conduct a reverse repo tender worth RM1.5 billion for 21 days.
At 4 pm, BNM will conduct an up to RM32 billion in conventional overnight tender and a RM10.8 billion overnight Qard.
-- BERNAMA
The central bank estimated today's liquidity at RM38.19 billion in the conventional system and RM13.2 billion in Islamic funds.
BNM will conduct a range maturity auction (RMA) money market tender, comprising RM8 billion for five days to 32 days, three Islamic range maturity auction (iRMA) Qard tenders of RM1.1 billion for seven days, RM200 million for 14 days and RM1.2 billion for 21 days.
The central bank will also conduct a reverse repo tender worth RM1.5 billion for 21 days.
At 4 pm, BNM will conduct an up to RM32 billion in conventional overnight tender and a RM10.8 billion overnight Qard.
-- BERNAMA
