Malaysia: Short-term rates to remain stable on BNM’s intervention

• Jan 22, 2018

KUALA LUMPUR, Jan 22: Short-term rates are expected to remain stable today, with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.

BNM estimated today’s liquidity at RM36.699 billion in the conventional system and RM16.061 billion in Islamic funds.

The central bank will conduct tenders comprising a RM9 billion range maturity auction tender for two days to 21 days and two reverse repo tenders of RM350 million for 14 days, as well as a RM600 million for 31 days.

It will also conduct two Islamic range maturity auction Qard tenders of RM1.5 billion for seven days and a RM2.6 billion for 14 days.

At 4 pm, BNM will conduct an up to RM28.6 billion conventional overnight tender and RM12.0 billion overnight Qard.–Bernama

Source: http://www.themalaysiantimes.com.my/short-term-rates-remain-stable-bnms-intervention/