KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM35.71 billion in the conventional system and RM9.39 billion in Islamic funds.
The central bank will conduct a conventional money market tender each for RM5 billion for five days to 61 days, respectively.
It will also conduct a RM1 billion repo tender for 46 days and a RM2.5 billion Al-Wadiah tender for seven days to 14 days.
At 4 pm, it will conduct up to RM29.7 billion in conventional overnight tender and a RM6.9 billion Al-Wadiah overnight tender. – BERNAMA