Short-term rates to remain stable on BNM operations
BNM also announced the availability of reverse repo, sale and buy-back agreement, and collateralised commodity Murabahah facilities for tenors of one to three months. Filepic/REUTERS
KUALA LUMPUR: Short-term rates are expected to remain stable on Thursday on Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity from the financial system.
The liquidity is estimated at RM36.97 billion in the conventional system and RM28.97 billion in Islamic funds.
BNM will conduct two conventional money market tenders comprising RM2 billion for seven days and RM1 billion for 14 days, two Qard tenders of RM1.5 billion each for seven days and 14 days, respectively, and a reverse repo tender of RM1.15 billion for 61 days.
It 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 4pm, BNM will conduct up to RM35.1 billion conventional overnight tender and RM26.0 billion for Murabahah overnight tender.
-- BERNAMA
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