KUALA LUMPUR, June 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 RM31.30 billion in the conventional system and RM10.66 billion in Islamic funds.
BNM will conduct a money market range maturity auction (RMA) of RM5 billion for seven days to 14 days and one Qard tender-iRMA of RM5.3 billion for five days to 14 days.
The central bank will also call for two repo tenders of RM500 million for 32 days and RM300 million for 46 days.
At 4 pm, BNM will conduct an up to RM25 billion in conventional overnight tender and a RM5.4 billion overnight Qard. — Bernama
