Short-term rates set to remain stable on BNM's operations
BNM will also call for three reverse repo tenders, namely RM1 billion for 31 days, RM300 million for 92 days and RM1.15 billion for 182 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 RM44.59 billion in the conventional system and RM34.92 billion in Islamic funds.
Today, the central bank will conduct a RM2 billion conventional money market tender for seven days, RM1 billion for 14 days and RM500 million for 31 days, as well as two Qard tenders comprising a RM1.4 billion tender for seven days and RM600 million tender for 14 days.
BNM will also call for three reverse repo tenders, namely RM1 billion for 31 days, RM300 million for 92 days and RM1.15 billion for 182 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, it will conduct up to RM42.5 billion conventional overnight tender and RM31.9 billion for Murabahah overnight tender.
-- BERNAMA
Must-Watch Video
Stay updated with our news