KUALA LUMPUR, April 7 ― 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 RM42.55 billion in the conventional system and RM12.48 billion in Islamic funds.
BNM will conduct a RM10 billion range maturity auction conventional money market tender, for 4-91 days.
It will also call for Qard tenders, worth RM1.2 billion for seven days, RM900 million for 14 days, RM700 million for 21 days and RM200 million for 32 days, respectively.
At 4pm, BNM will conduct up to RM32.6 billion in conventional overnight tenders and a RM9.4 billion Qard overnight tender. ― Bernama
