KUALA LUMPUR, Nov 25 — Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM)’s intervention to absorb surplus liquidity from the financial system.
BNM estimated today’s liquidity at RM22.88 billion in the conventional system and RM4.18 billion in Islamic funds.
The central bank will conduct a RM1 billion money market tender each for seven days and 14 days, respectively.
The central bank will also call for a repo tender of RM500 million for 31 days and two Al-Wadiah tenders of RM600 million and RM200 million for seven days and 14 days, respectively.
At 4pm, BNM will conduct an up to RM20.4 billion in conventional overnight tenders and a RM4.2 billion Al-Wadiah overnight tender. — Bernama
