SHORT-TERM RATES TO REMAIN STEADY TODAY

12 Jul 2013 11:19

KUALA LUMPUR, July 8 (Bernama) -- Short-term interbank rates are expected to remain steady today as Bank Negara Malaysia (BNM) intervenes to absorb excess liquidity from the financial system. The central bank estimated today's liquidity at RM26.67 billion in the conventional system and RM5.75 billion in Islamic funds. BNM will call for four conventional tenders of RM1 billion for two days, seven days, 14 days and 21 days, as well as a RM2 billion tender for 28 days.

The central bank will also conduct a RM300 million repo tender for 92 days, as well as four Al-Wadiah tenders comprising RM500 million for seven days and 14 days, RM300 million for 21 days and RM700 million for 28 days.

It will also conduct a RM150 million commodity murabahah programme for 21 days.

At 4 pm, BNM will conduct a conventional overnight tender for up to RM20.4 billion and a RM3.5 billion Al-Wadiah overnight tender.

-- BERNAMA

MKI WGM