KUALA LUMPUR, May 16 ― 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 RM32.471 billion in the conventional system and RM8.798 billion in Islamic funds.
BNM will conduct a RM7 billion range maturity auction for three days to 45 days, a RM500 million repo tender for 31 days, a RM1.8 billion Islamic range maturity auction for seven days to 21 days and a RM100 million Commodity Murabahah Programme for 31 days.
At 4pm, BNM will conduct an up to RM24.0 billion in conventional overnight tender and a RM6.5 billion overnight Qard. ― Bernama
