KUALA LUMPUR, Oct 9 — Short-term interbank rates are expected to remain stable today as Bank Negara intervenes to absorb excess liquidity from the financial system through various instruments.
The central bank estimated today’s liquidity at RM24.630 billion in the conventional system and RM6.519 billion in Islamic funds.
The bank will call for a RM6 billion range maturity auction tender for between two days and 92 days, three Al-Wadiah tenders comprising a RM1.1 billion for seven days, RM600 million for 14 days and RM200 million for 21 days.
The central bank will also call for a RM100 million repo tender for 92 days and a RM6 billion range maturity auction tender for two days to 92 days.
At 4pm, Bank Negara will conduct up to RM18.5 billion in conventional overnight tender and a RM4.6 billion Al-Wadiah overnight tender. – Bernama
