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 RM30.44 billion in the conventional system and RM36.11 billion in Islamic funds.
Today, the central bank will conduct a RM500 million conventional money market tender for seven days and a reverse repo tender of RM650 million for 28 days.
It will also conduct three Qard tenders, comprising a RM2.7 billion tender for seven days, a RM600 million tender for 14 days and a RM300 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 4pm, BNM will conduct up to RM29.6 billion conventional overnight tender and RM31.7 billion for Murabahah overnight tender.
