KUALA LUMPUR, Nov 6 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity from the financial system.
BNM estimated today’s liquidity at RM43.37 billion in the conventional system and RM13.19 billion in Islamic funds.
The central bank will conduct a ra
nge maturity auction money market tender of RM10 billion for six days to 14 days and a Qard tender of RM3.7 billion for seven days.
Two repo tenders of RM500 million each for 32 days and 40 days respectively will also be called.
At 4 pm, it will conduct an overnight conventional tender of up to RM30 billion and a RM9.5 billion Wadiah tender. — Bernama
