Short-term rates to remain stable on BNM operations
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. - Filepic
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 RM39.43 billion in the conventional system and RM24.04 billion in Islamic funds.
The central bank will conduct four conventional money market tenders, comprising three RM1 billion tenders for seven, 14 and 31 days, respectively, as well as a RM200 million tender for 61 days.
It will also conduct a RM5 billion Islamic range maturity auction (iRMA) Qard tender for seven to 31 days.
The central bank 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 RM35.2 billion conventional overnight tender and RM18.0 billion for Murabahah overnight tender.
-- BERNAMA
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