KUALA LUMPUR, April 14 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s intervention to absorb excess liquidity.
The central bank estimated today’s surplus in the conventional system at RM27.65 billion and in Islamic funds at RM3.59 billion.
Bank Negara will call for a RM6 billion range maturity auction tender for between two and 63 days and a RM500 million repo tender for 91 days.
It will also conduct two Al-Wadiah tender of RM600 million for seven days and RM200 million for 14 days.
At 4pm, BNM will conduct up to RM21.1 billion in conventional overnight tenders and a RM2.8 billion Al-Wadiah overnight tender. — Bernama
