KUALA LUMPUR, May 13 — 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 RM32.58 billion in the conventional system and RM10.39 billion in Islamic funds.
BNM will conduct a RM6.0 billion conventional Range Maturity Auction for five to 45 days, a RM5.05 billion Qard Islamic Range Maturity Auction for seven to 21 days and a repo of RM500 million for 32 days.
The central bank will also call for a RM300 million Commodity Murabahah Programme tender for 31 days.
At 4pm, BNM will conduct up to RM25.0 billion in conventional overnight tender and a RM5.0 billion overnight Qard. — Bernama
