KUALA LUMPUR, June 7 — 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 RM26.69 billion in the conventional system and RM9.76 billion in Islamic funds.
BNM will conduct two conventional money market tenders comprising RM2 billion for seven days and RM1 billion for 45 days.
The central bank will also conduct a RM3.3 billion Qard tender Islamic range maturity auction for between six days and 24 days.
At 4pm, BNM will conduct an up to RM23 billion in conventional overnight tender and a RM6.5 billion overnight Qard tender. — Bernama
