2013年11月15日星期五

Short-term rates to remain stable

Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to reduce excess liquidity from the financial system.

The central bank estimated today's liquidity at RM24.43 billion in the conventional system and RM4.84 billion in Islamic funds.

The bank will conduct four conventional tenders of two RM1.5 billion, each for seven days and 28 days, respectively, and two RM500 million, each for 14 days and 21 days, respectively.

It will also call for a repo tender of RM400 million for 94 days and conduct three Al-Wadiah tenders of RM400 million for seven days, RM600 million for 14 days and RM250 million for 21 days, respectively.

At 4pm, the bank will undertake a conventional overnight tender of up to RM20 billion and a RM3.7 billion Al-Wadiah overnight tender

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