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 RM27.13 billion in the conventional system and RM21.92 billion in Islamic funds.
Today, the central bank will conduct two RM500 million conventional money market tenders for seven days and 14 days, respectively, as well as two Qard tenders, comprising a RM400 million tender for seven days and a RM200 million tender for 14 days.
It will also conduct two RM1 billion reverse repo tenders, each one for 31 days and 92 days, respectively.
BNM also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity Murabahah facilities of one- and three-month tenors.
At 4 pm, the central bank will conduct up to RM28.1 billion conventional overnight tender and RM21.8 billion for Murabahah overnight tender. – BERNAMA
