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 RM29.54 billion in the conventional system and RM23.32 billion in Islamic funds.
Today, the central bank will conduct two RM500 million conventional money market tenders for seven and 14 days, respectively, as well as a seven-day RM400 million Qard tender.
It will also conduct RM1 billion reverse repo tenders for 31 days and 92 days, respectively.
BNM will issue Bank Negara Interbank Bills worth RM1.50 billion for 33 days on March 20.
The central bank also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities of one- and three-month tenors, Bernama reported.
At 4 pm, the central bank will conduct a conventional overnight tender of up to RM30.5 billion and a murabahah overnight tender of up to RM23.4 billion.
