KUALA LUMPUR, Oct 15 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.
BNM estimated today’s liquidity at RM20.25 billion in the conventional system and RM8.11 billion in Islamic funds.
The central bank will conduct a RM3 billion money market range maturity auction tender for two to 92 days and two repo tenders namely RM200 million for 33 days and RM150 million for 92 days.
The central bank will also call for two Wadiah tenders comprising RM1.8 billion for eight days and RM2.4 billion for 14 days.
At 4pm, BNM will conduct up to RM16.9 billion in conventional overnight tenders and a RM4 billion Al-Wadiah overnight tender. — Bernama
