Bank Negara to absorb excess liquidity, short-term interbank rates seen stable
Bank Negara Malaysia will conduct reverse repo tenders totalling RM6 billion and RM600 million, plus RM200 million Islamic reverse repos, to absorb excess liquidity. Banking system liquidity stands at RM32.78 billion in the conventional market and RM23.05 billion in the Islamic money market. Short-term interbank rates are expected to remain stable.