KUALA LUMPUR, Jan 18 — Short-term rates are expected to remain stable today, with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.
BNM estimated today's liquidity at RM35.93 billion in the conventional system and RM14.70 billion in Islamic funds.
The central bank will conduct three tenders comprising a RM7 billion range maturity auction tender for four days to 32 days, a RM3.7 billion Islamic range maturity auction tender for four days to 32 days, as well as a RM300 million reverse repo tender for 46 days.
At 4pm, BNM will conduct an up to RM29.2 billion conventional overnight tender and RM11.0 billion overnight Qard. — Bernama
