KUALA LUMPUR, June 29 — 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 RM34.97 billion in the conventional system and RM12.87 billion in Islamic funds.
BNM will call for a RM6.5 billion range maturity auction money market tender for five to 30 days and a RM800 million repo tender for 30 days.
The central bank will also call for a RM6.2 billion Qard Islamic range maturity auction (iRMA) tender for six to 30 days.
At 4 pm, BNM will conduct an up to RM26 billion in conventional overnight tender and a RM6.7 billion overnight Qard. — Bernama
