Short-term rates set to remain stable on BNM's operations
Bernama
December 21, 2022 10:00 MYT
December 21, 2022 10:00 MYT
Today, the central bank will conduct three conventional money market tenders comprising a RM2 billion for seven days and RM1 billion tender each for 14 days and 21 days. - BERNAMA
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 RM57.91 billion in the conventional system and RM35.24 billion in Islamic funds.
Today, the central bank will conduct three conventional money market tenders comprising a RM2 billion for seven days and RM1 billion tender each for 14 days and 21 days.
BNM also called for two reverse repo tenders worth RM600 million for 35 days and RM650 million for 62 days as well as a RM1 billion commodity murabahah programme tender for 30 days.
It has also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities for tenors of one to three months.
At 4 pm, BNM will conduct a conventional overnight tender of up to RM54.2 billion and RM33.2 billion for murabahah overnight tender.
-- BERNAMA