KUALA LUMPUR, Aug 10 ― 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 RM28.16 billion in the conventional system and RM8.74 billion in Islamic funds.
BNM will conduct a RM7.0 billion conventional Range Maturity Auction for seven to 61 days, a RM2.2 billion Qard Islamic Range Maturity Auction for six to 30 days and a RM250 million repo tender for 34 days.
At 4pm, BNM will conduct an up to RM21.0 billion in conventional overnight tender and a RM6.6 billion overnight Qard. ― Bernama
