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.

Liquidity is estimated at RM42.74 billion in the conventional system and RM25.52 billion in Islamic funds.

The central bank will conduct a RM5 billion range maturity auction money market tender for two to 31 days and a RM6 billion Islamic range maturity auction (iRMA) Qard tender for six to 21 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 RM36.7 billion conventional overnight tender and RM18.5 billion for Murabahah overnight tender.– BERNAMA