KUALA LUMPUR, March 25 ― Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb surplus liquidity from the financial system.
The central bank estimated today's liquidity at RM33.49 billion in the conventional system and RM16.10 billion in Islamic funds.
BNM will conduct a conventional money market tender of RM1.5 billion for seven days and an Islamic range maturity auction Qard tender of RM5.1 billion for five days to 14 days.
At 4pm, BNM will conduct up to RM30.5 billion in conventional overnight
tender and a RM11.5 billion Qard overnight tender. ― Bernama
