KUALA LUMPUR, Aug 1 — 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 RM28.15 billion in the conventional system and RM17.42 billion in Islamic funds.
BNM will conduct a RM8 billion range maturity auction tender for three to 64 days and a RM6.7 billion Qard tender Islamic range maturity auction for four to 23 days.
At 4pm, BNM will conduct an up to RM22 billion in conventional overnight tender and a RM7.3 billion overnight Qard. — Bernama
