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Short-term rates expected to remain stable

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Kuala Lumpur
– Short-term rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) intervention to mop up excess liquidity from the financial system.

BNM estimated today’s liquidity at RM41.50 billion in the conventional system and RM9.53 billion in Islamic funds.

The central bank will call for a RM12 billion range maturity auction tender for four to 92 days, a RM200 million repo tender for 32 days, as well as twoQard tenders of RM850 million for 14 days and RM500 million for 21 days.

At 4pm, BNM will conduct up to RM29.3 billion in conventional overnight tenders  and a RM8.2 billion Qard overnight tender. – Bernama