KUALA LUMPUR, July 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 RM36.08 billion in the conventional system and RM13.84 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM5 billion for five days to seven days and a repo tender of RM1 billion for 33 days and a RM5 billion Qard tender for seven days.
At 4pm, the central bank will conduct up to RM30.1 billion in conventional overnight tender and a RM9.1 billion Qard overnight tender. — Bernama
