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 RM36.45 billion in the conventional system and RM34.09 billion in Islamic funds.
Today, the central bank will conduct two RM1 billion conventional money market tenders, each one for seven and 14 days as well as three reverse repo tenders comprising a RM2.6 billion tender for 28 days, RM400 million tender for 59 days and RM450 million tender for 91 days.
It also will conduct three Qard tenders, consisting of a RM1.1 billion tender for seven days, a RM1.4 billion tender for 14 days and RM200 million tender for 21 days.
BNM has also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities for tenors of one to three months.
At 4 pm, BNM will conduct up to RM36.9 billion conventional overnight tender and RM30.4 billion for murabahah overnight tender. – BERNAMA
