Short-term rates to remain stable on BNM's intervention

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 RM35.18 billion in the conventional system and RM32.21 billion in Islamic funds.

Today, the central bank will conduct a RM1 billion conventional money market tender for seven days, and a RM350 million Commodity Murabahah Programme (CMP) tender for 30 days.

It 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 RM33.2 billion conventional overnight tender and RM30.9 billion for Murabahah overnight tender.

-- BERNAMA