KUALA LUMPUR, June 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 RM32.44 billion in the conventional system and RM10.78 billion in Islamic funds.
BNM will conduct two conventional money market tenders comprising RM3 billion for seven days and RM2 billion for 14 days, as well as, one repo tender worth RM1 billion for 30 days.
The central bank will also conduct two Qard tenders valued at RM1.9 billion for seven days and RM1.1 billion for 14 days, respectively.
At 4pm, BNM will conduct up to RM25.5 billion in conventional overnight tenders and a RM7.8 billion overnight Qard tender. — Bernama
