KUALA LUMPUR, Dec 31 ― Short-term interbank rates are expected to remain steady today on Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.
BNM estimated today's liquidity at RM44.55 billion in the conventional system and RM14.94 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM6 billion for seven days and a reverse repo tender of RM200 million for 120 days.
It will also conduct a RM3.5 billion Qard tender for five days to seven days.
At 4pm, BNM will conduct up to RM34 billion in conventional overnight tender and a RM8 billion Qard. ― Bernama
