Short-term rates to remain steady on BNM's operations
BNM will conduct three conventional money market tenders, comprising two RM1 billion tenders each one for seven and 21 days, respectively and a RM1.5 billion tender for 33 days. -REUTERS
KUALA LUMPUR: Short-term rates are expected to remain steady today on Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity is estimated at RM36.38 billion in the conventional system and RM21.36 billion in Islamic funds.
The central bank will conduct three conventional money market tenders, comprising two RM1 billion tenders, each one for seven and 21 days, respectively and a RM1.5 billion tender for 33 days.
It will also carry out a RM2.8 billion Islamic range maturity auction (iRMA) Qard tender for seven to 21 days.
BNM also announced the availability of reverse repo, sale and buy-back agreement, and collateralised commodity Murabahah (CCM) facilities for tenors of one to three months.
At 4 pm, the central bank will conduct up to RM32.1 billion conventional overnight tender and RM17.6 billion for Murabahah overnight tender.
-- BERNAMA
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