KUALA LUMPUR, Oct 13 — 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 RM31.92 billion in the conventional system and RM12.25 billion in Islamic funds.
The central bank will conduct a money market range maturity auction tender of RM6 billion for four to 61 days and a Qard Islamic range maturity auction tender of RM4.25 billion for seven days to 21 days.
At 4pm, it will conduct an up to RM26 billion in conventional overnight tender and a RM8 billion overnight Qard. — Bernama
