KUALA LUMPUR, June 24 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) continuous intervention to absorb excess liquidity from the financial system.
The central bank estimated today’s liquidity at RM31.69 billion in the conventional system and RM11.91 billion in Islamic funds.
BNM will call for a RM6 billion range maturity auction money market tender for seven to 31 days and a RM350 million reverse repo tender for 31 days.
The central bank will also call for three Qard tenders namely RM1.5 billion for 10 days and 14 days and RM500 million for 17 days.
The central bank will conduct a conventional tender of up to RM25 billion and a RM8.5 billion Qard overnight tender at 4pm. — Bernama
