Steady short-term rates seen Friday

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

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130517100042/Article/index_html
Published: May 17, 2013

The central bank estimated today's liquidity at RM18.1 billion in the conventional system and RM4.32 billion in Islamic funds.

Bank Negara will conduct four conventional tenders comprising two RM1 billion for 10 days and 14 days and two RM2 billion each for 21 days and 28 days.

The central bank also called for two Al-Wadiah tenders, namely RM800 million for 14 and RM300 million for 21 days and two repo tenders of RM200 million for 31 days and RM500 million for 94 days.


At 4pm, Bank Negara will conduct up to RM11.4 billion in conventional overnight tenders and a RM3 billion Al-Wadiah overnight tender.-- Bernama