KUALA LUMPUR, April 29 — 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 RM29.60 billion in the conventional system and RM12.90 billion in Islamic funds.
BNM will conduct a RM4 billion range maturity auction tender for six to 45 days and a RM5.4 billion Islamic range maturity auction tender for six to 21 days.
At 4pm, BNM will conduct up to RM25.0 billion in conventional overnight tender and a RM7.5 billion overnight Qard. — Bernama
