Short-term rates are expected to remain steadier today with Bank Negara continuing to intervene to absorb excess liquidity from the financial system, dealers said.
The central bank estimated today’s surplus at RM31.601 billion in the
conventional system and RM14.315 billion in Islamic funds.
It will conduct a RM2 billion conventional tender, each for seven and 28
days, respectively, and RM1 billion tenders each for 14 and 21 days,
BNM will also call for a repo tender of RM200 million for 28 days and a
Commodity Murabahah Programme of RM200 million for 92 days.
The central bank will also conduct five Al-Wadiah tenders comprising RM2.7
billion for seven days, RM900 million each for 14 and 28 days, respectively,
RM600 million for 21 days and RM700 million for 32 days. At 4 pm, BNM will call for a conventional overnight tender of up to RM25.4 billion and a RM8.8 billion Al-Wadiah overnight tender.