KUALA LUMPUR, May 12 — 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 RM32.33 billion in the conventional system and RM11.89 billion in Islamic funds.
BNM will conduct a RM6.0 billion conventional Range Maturity Auction for five to 46 days, a RM5.5 billion Qard Islamic Range Maturity Auction for four to 21 days and a repo of RM500 million for 32 days.
At 4pm, BNM will conduct an up to RM25.0 billion in conventional overnight tender and a RM6.4 billion overnight Qard. — Bernama
