Short Term Rates Expected To Remain Stable On BNM’s Operation

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 RM39.34 billion in the conventional system and RM30.49 billion in Islamic funds.

Today, the central bank will conduct an RM500 million conventional money market tender for seven days, as well an RM100 million Commodity Murabahah Programme tender for 28 days.

BNM will also conduct three Qard tenders, comprising an RM1.7 billion tender for seven days, a RM500 million tender for 14 days and a RM200 million tender 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 4pm, BNM will conduct up to RM37.8 billion conventional overnight tender and RM27.0 billion for Murabahah overnight tender.

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