KUALA LUMPUR, April 11 — 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 RM32.92 billion in the conventional system and RM9.09 billion in Islamic funds.
BNM will conduct a RM4 billion conventional money market tender for seven days and a RM2.4 billion Qard tender for seven days to 22 days.
At 4 pm, BNM will conduct up to RM28 billion in conventional overnight tender and a RM6.8 billion overnight Qard. — Bernama
