Short-term interbank rates expected to remain stable amid BNM liquidity operations

Bank Negara Malaysia (BNM) is undertaking operations to absorb excess liquidity in the financial system, including a RM6 billion reverse repo tender for seven days and various Islamic reverse repo tenders, to maintain stable short-term interbank rates. The banking system's liquidity is estimated at RM32.78 billion in the conventional market and RM23.05 billion in the Islamic money market.