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

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

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 RM41.04 billion in the conventional system and RM28.96 billion in Islamic funds.

Today, the central bank will conduct two RM1 billion conventional money market tenders, each one for seven days and 33 days, respectively, as well as a RM200 million Commodity Murabahah Tender for 33 days.

It will also conduct two reverse repo tenders, comprising a RM350 million tender for 33 days and a RM400 million for 184 days.BNM 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 RM38.8 billion conventional overnight tender and RM27.8 billion for murabahah overnight tender.– BERNAMA