Short-term rates set to remain stable on BNM 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 RM26.15 billion in the conventional system and RM25.52 billion in Islamic funds.

Today, the central bank will conduct two reverse repo tenders worth RM1.5 billion for 31 days and RM1 billion for 92 days and a RM400 million Islamic reverse repo tender for 92 days.

BNM has also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities of one- and three-month tenors.

At 4 pm, the central bank will conduct up to RM28.7 billion conventional overnight tender and RM25.9 billion for murabahah overnight tender.

-- BERNAMA

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