Short-term rates to remain stable on BNM’s 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 RM37.04 billion in the conventional system and RM27.49 billion in Islamic funds.
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The central bank will conduct three conventional money market tenders comprising of RM1 billion each for seven, 14 and 31 days.

It will also conduct a RM200 million repo tender for 31 days and a RM7 billion Islamic range maturity auction (iRMA) Qard tender for seven to 31 days.

The central bank has 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 RM33.1 billion conventional overnight tender and RM19.5 billion for Murabahah overnight tender.

— BERNAMA

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