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 RM41.94 billion in the conventional system and RM33.67 billion in Islamic funds.
Today, the central bank will conduct two conventional money market tenders, comprising RM1 billion each for seven days and 14 days.
It will also call for a commodity Murabahah programme of RM500 million for 30 days and a reverse repo tender amounting to RM1 billion for 30 days.
BNM has 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 4pm, it will conduct a conventional overnight tender of up to RM39.9 billion as well as RM32.2 billion for a Murabahah overnight tender.
