KUALA LUMPUR, Dec 10 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's intervention to absorb excess liquidity from the financial system.
The central bank estimated today's liquidity at RM18.46 billion in the conventional system and RM4.95 billion in Islamic funds.
Bank Negara will conduct a RM1 billion range maturity auction programme for two days to 62 days and a RM3.2 billion Islamic range-maturity auction for seven days to 14 days.
At 4pm, Bank Negara will conduct up to RM17.5 billion in conventional overnight tender and RM2.5 billion Al-Wadiah overnight tender. — Bernama
