Wednesday, May 29, 2013

Short-term rates to remain steady today

KUALA LUMPUR, May 29 — Short-term interbank rates are expected to be steady today as Bank Negara Malaysia (BNM) intervenes to absorb excess liquidity from the financial system.

Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/short-term-rates-to-remain-steady-today/
Published: May 29, 2013



BNM has estimated today’s liquidity at RM24.67 billion in the conventional system and RM9.481 billion in Islamic funds.

The central bank will call for a RM6 billion money market tender range maturity auction for five days to 92 days and a RM200 million repo tender for 30 days.

It will also conduct three Al-Wadiah tenders comprising RM4 billion for seven days, RM600 million for 14 days and RM500 million for 28 days.

At 4pm, Bank Negara will conduct up to RM18.5 billion in conventional overnight tender and a RM6.4 billion Al-Wadiah overnight tender. – Bernama

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