Short-term rates are projected to remain stable today following Bank Negara’s operations to absorb excess liquidity from the financial system.
Liquidity is estimated at RM38.76 billion in the conventional system and RM20.31 billion in Islamic funds.
Today, the central bank will conduct a conventional money market tender worth RM1 billion for a period of seven days, as well as three Commodity Murabahah Program tenders consisting of a RM150 million tender for 21 days and two RM200 million tenders, each for a period of 14 and 33 days .
In addition, it also offers a reverse repo tender of RM3 billion for 33 days.
The central bank has announced the availability of reverse repos, sale and repurchase agreements and Commodity Secured Murabahah facilities for periods of one to three months.
At 4pm, BNM will handle up to RM39.8 billion for conventional overnight tenders and RM18.8 billion for Murabahah overnight tenders.
