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 RM26.724 billion in the conventional system and RM9.535 billion in Islamic funds.

The bank will conduct a RM7 billion range maturity auction tender for two to 92 days and a RM400 million repo tender for 92 days.

The central bank will also call for a RM5.1 billion Islamic range maturity auction tender for two and 92 days and a RM200 million Commodity Murabahah Programme for 30 days.

At 4pm, the bank will undertake a conventional overnight tender of up to RM19.3 billion and a RM4.2 billion Al-Wadiah overnight tender.-