Short-term rates to remain stable on Bank Negara intervention
Jan 30, 2012
KUALA LUMPUR (Jan 30, 2012): Short-term rates are expected to remain stable on Monday as Bank Negara Malaysia continues to intervene in the money market to absorb excess liquidity, dealers said.
The central bank estimated today's surplus at RM33.451 billion in conventional operations and RM9.636 billion in the Islamic system.
It will call for four conventional tenders, RM2 billion for nine days; RM1 billion for 14 days and 21 days and, RM2 billion for 30 days.
The central bank will also call for a RM300 million repo tender for 45 days and three Al-Wadiah tenders -- RM800 million for nine days; RM750 million for 14 days; and RM450 million for 21 days.
At 4pm, the central bank will conduct a conventional overnight tender for RM27.7 billion and a RM8.6 billion Al-Wadiah overnight tender.
The price of gold today closed at RM163.74 per gramme, up RM1.15 from last Friday. -- Bernama
