Short-term rates to remain stable on BNM’s operations

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.

Today’s liquidity is estimated at RM32.23 billion in the conventional system and RM16.48 billion in Islamic funds.

BNM will conduct two conventional money market tenders comprising RM1 billion each for seven days and 14 days, respectively, as well as one Qard tender-Islamic Range Maturity of RM2 billion for seven days to 30 days.

The central bank also will conduct two reserve repo tenders comprising RM255 million for 30 days and RM745 million for 92 days.

At 4 pm, BNM will conduct up to RM31.2 billion conventional overnight tender and RM14.5 billion for Murabahah overnight tender.

— BERNAMA

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