KUALA LUMPUR, March 16 — Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia’s (BNM) to intervene in absorbing excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM42.49 billion in the conventional system and RM10.40 billion in Islamic funds.
BNM will conduct a RM4 billion conventional money market tender for seven days and a repo tender of RM1.3 billion for 44 days.
It will also call for two Qard tenders of RM1.7 billion for seven days and RM600 million for 14 days.
At 4pm, BNM will conduct up to RM35 billion in conventional overnight tender and a RM8.1 billion overnight Qard. — Bernama
