KUALA LUMPUR, Oct 14 — Short-term interbank rates are expected to remain stable today on Bank Negara’s intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM20.17 billion in the conventional system and RM5.68 billion in Islamic funds.
The bank will call for three conventional money market tenders comprising RM1 billion for seven days, 21 days and 28 days respectively.
The central bank will also call for a RM200 million repo tender for 93 days, and three Al-Wadiah tenders comprising RM500 million for seven days and 21 days, and RM600 million for 14 days. — Bernama
