KUALA LUMPUR, Aug 6 — Short-term interbank rates are expected to remain stable today following Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM29.45 billion in the conventional system and RM6.47 billion in Islamic funds.
The bank will call for RM11 billion range-maturity auction for one to 22 days, a RM200 million repo tender for 31 days and RM5 billion Al-Wadiah tender for six to 90 days, respectively.
At 4 pm, Bank Negara will conduct a conventional overnight tender of up to RM18.2 billion and a RM1.8 billion Al-Wadiah overnight tender. – Bernama
