KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity is estimated at RM42.65 billion in the conventional system and RM29.70 billion in Islamic funds.
Today, the central bank will conduct two RM1 billion conventional money market tenders, each one for seven days and 14 days, respectively, as well as two reverse repo tenders, consisting of a RM200 million tender for 32 days and a RM300 million tender for 186 days.
BNM also will conduct three Qard tenders, comprising a RM1.8 billion tender for seven days, a RM700 million tender for 14 days and a RM100 million tender for 21 days.
It had also announced the availability of reverse repo, sale and buy-back agreement, and Collateralised Commodity Murabahah facilities for tenors of one to three months.
At 4 pm, BNM will conduct up to RM40.2 billion conventional overnight tender and RM26.1 billion for Murabahah overnight tender. - Bernama
