KUALA LUMPUR, Jan 9 — 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 RM30.19 billion in the conventional system and RM6.57 billion in Islamic funds.
The central bank will conduct four RM1.0 billion conventional money market tenders — for seven days, 14 days, 21 days, and 28 days, respectively.
It will also carry out two Al-Wadiah tenders comprising RM800 million for seven days and RM1.1 billion for 14 days.
At 4pm, Bank Negara will conduct up to RM26.2 billion in conventional overnight tender and a RM4.7 billion Al-Wadiah overnight tender. — Bernama
