SHORT-TERM RATES TO REMAIN STEADY TODAY ON BANK NEGARA INTERVENTION

12 Jul 2013 11:19

KUALA LUMPUR, July 10 (Bernama) -- Short-term interbank rates are expected to remain steady today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system. The central bank estimated today's liquidity at RM24.28 billion in the conventional system and RM3.21 billion in Islamic funds. The BNM will call for a RM9 billion range maturity auction money market tender for two days to 124 days and a RM300 million repo tender for 153 days.

It will also undertake two Al-Wadiah tenders comprising RM500 million for seven days and RM300 million for 28 days. At 4 pm, the BNM will conduct a conventional overnight tender for up to RM15 billion and a RM2.4 billion Al-Wadiah overnight tender.

-- BERNAMA

MKI MKI TOM