Short-term rates set to remain stable on BNM operations
BNM has also called for three Qard tenders, consisting of a RM2.05 billion tender for seven days, a RM400 million tender for 14 days and a RM750 million tender for 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 RM46.13 billion in the conventional system and RM49.20 billion in Islamic funds.
Today, the central bank will conduct a conventional money market tender of RM2 billion for seven days and a reverse repo tender of RM710 million for 181 days.
BNM has also called for three Qard tenders, consisting of a RM2.05 billion tender for seven days, a RM400 million tender for 14 days and a RM750 million tender for 21 days.
It had 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, it will conduct up to RM43.8 billion in conventional overnight tender and RM45.0 billion for the Murabahah overnight tender.
-- BERNAMA
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