BNM Ops: Short-Term Rates Set To Remain Stable

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 RM26.64 billion in the conventional system and RM23.46 billion in Islamic funds.

Today, the central bank will conduct two RM300 million conventional money market tenders, one for eight days and the other for 14 days, as well as a RM500 million qard tender for 14 days.

The central bank also called for two RM1 billion reverse repo tenders for 32 days and 91 days, and a Bank Negara Interbank Bills Islamic tender valued at RM1.5 billion for 32 days.

It also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities of one- and three-month tenors.

At 4pm, BNM will conduct a conventional overnight tender of up to RM28 billion and a murabahah overnight tender of up to RM23 billion.

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