Short-term rates set to remain stable on BNM operations
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 RM45.11 billion in the conventional system and RM14.77 billion in Islamic funds.
Today, the central bank will conduct two reverse repo tenders, comprising RM1.5 billion for 30 days and RM1 billion for 92 days. It will also call for a RM770 million Islamic reverse repo tender for 30 days.
BNM has also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities with one- and three-month tenors. At 4 pm, BNM will conduct a conventional overnight tender of up to RM47.6 billion and a Murabahah overnight tender of up to RM15.5 billion.
— BERNAMA