Business

Short-term rates to remain steady on Bank Negara intervention

KUALA LUMPUR, Jan 30 – 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 RM33.284 billion in the conventional system and RM11.314 billion in Islamic funds.   

It will conduct a range maturity auction tender of RM5 billion for five days to 90 days, a repo tender of RM400 million for 90 days and a Commodity Murabahah Programme of RM200 million for 26 days.

The central bank will also conduct four Al-Wadiah tenders comprising a RM1.6 billion for seven days, RM800 million for 14 days, RM200 million for 21 days and RM600 million for 30 days.

At 4 pm, BNM will call for a conventional overnight tender of up to RM28 billion and a RM8 billion Al-Wadiah overnight tender. – Bernama

 

Comments