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 RM40.12 billion in the conventional system and RM34.18 billion in Islamic funds.
Today, the central bank will conduct two RM1 billion conventional money market tenders for seven and 14 days respectively as well as two reverse repo tenders, comprising a RM1.4 billion tender for 59 days and RM710 million tender for 91 days.
It will also conduct three Qard tenders, comprising a RM1.7 billion tender for seven days, a RM300 million tender for 14 days and a RM200 million tender for 21 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 4 pm, BNM will conduct up to RM39.2 billion conventional overnight tender and RM31.0 billion for murabahah overnight tender.
