Short-term rates set to remain stable on BNM operations

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 RM29.16 billion in the conventional system and RM22.90 billion in Islamic funds.

Today, the central bank will conduct two reverse repo tenders worth RM1.5 billion each for 31 and 92 days.

It also will be issuing Bank Negara Interbank Bills Islamic (BNIBI) worth RM1 billion for 33 days.

The issuance date is May 29, 2024.

BNM has also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities of one- and three-month tenors.

At 4 pm, the central bank will conduct up to RM32.2 billion conventional overnight tender and RM22.9 billion for murabahah overnight tender.

-- BERNAMA