KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Today’s liquidity is estimated at RM20.85 bil in the conventional system and RM17.13 bil in Islamic funds.
The central bank will conduct two conventional money market tender worth RM500 mil for seven days and RM500 mil for 14 days.
It would also conduct three Qard tenders worth RM800 mil for seven days, RM1 bil for 14 days, RM500 mil for 21 days.
At 4pm, BNM will conduct up to RM19.9 bil for a conventional overnight tender and RM14.8 bi for a Murabahah overnight tender. – Jan 24, 2020, Bernama
