KUALA LUMPUR, Jan 6 ― 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 RM40.09 billion in the conventional system and RM14.60 billion in Islamic funds.
The central bank will conduct a conventional money market tender of RM8 billion for seven days and one reverse repo tender of RM1 billion for 47 days.
It will also conduct a RM4.1 billion Qard tender for seven days.
At 4pm, BNM will conduct an up to RM30 billion in conventional overnight tender and a RM8 billion Qard. ― Bernama
