KUALA LUMPUR, Sept 18 ― 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.
BNM estimated today's liquidity at RM25.154 billion in the conventional system and RM9.234 billion in Islamic funds.
The central bank will conduct three conventional money market tenders comprising RM1.5 billion each for four days and seven days and RM500 million for 32 days.
It will also conduct a RM2.9 billion Al-Wadiah tender for 5-14 days.
At 4pm, the central bank will conduct up to RM21.7 billion in conventional overnight tender and a RM6.4 billion Al-Wadiah overnight tender. ― Bernama
