KUALA LUMPUR, Jan 5 ― 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 RM42.77 billion in the conventional system and RM19.29 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM9 billion for seven days and two reverse repo tenders of RM500 million each for 31 days and 45 days respectively.
It will also conduct a RM6.6 billion Qard tender for two days to seven days.
At 4pm, BNM will conduct an up to RM31 billion in conventional overnight tender and a RM8.3 billion Qard. ― Bernama
