Short-term rates to remain stable on Bank Negara intervention
KUALA LUMPUR, Aug 7 — Short-term rates are expected to remain stable today following Bank Negara's intervention to absorb excess liquidity from the financial system, dealers said.
The central bank estimated today's surplus at RM27.191 billion in the conventional system and RM7.932 billion in Islamic funds.
The bank will conduct four RM1 billion conventional tenders each for seven days, 15 days, 21 days and 28 days, respectively.
The central bank will also conduct a RM300 million repo tender for 63 days.
It will conduct a RM1.5 million Al-Wadiah tender for seven days, RM800 million tender for 15 days and RM1.9 billion tender for 28 days.
Bank Negara will also conduct a RM400 million Commodity Murabahah Programme for 31 days.
At 4pm, the bank will conduct a conventional overnight tender of up to RM22.9 billion and a RM3.7 billion Al-Wadiah overnight tender. — Bernama
Previous: IPC Corp jumps after tycoon raises stake
Next: Analyst calls for Aug 7