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 RM44.58 billion in the conventional system and RM53.44 billion in Islamic funds.
Today, the central bank will conduct three conventional money market tenders amounting to RM1 billion each for seven days, 14 days, and 31 days respectively, as well as a reverse repo tender worth RM2.5 billion for 31 days.
It will conduct three Qard tenders worth RM2.1 billion for seven days, RM1.9 billion for 14 days, and RM2 billion for 21 days.
It 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 4 pm, BNM will conduct a conventional overnight tender of up to RM43.1 billion and an RM46.4 billion Murabahah overnight tender.