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 RM48.08 bil in the conventional system and RM27.37 bil in Islamic funds.
The central bank will conduct a conventional money market tenders worth RM2 bil for seven days and two Qard tenders valued at RM3.7 bil for seven days and RM200 mil for 14 days.
It will also conduct a reverse repo tender of RM1 bil for 62 days.
BNM announced that Reverse Repo, Sale and Buy Back Agreement (SBBA) transaction and Collateralised Commodity Murabahah (CCM) transaction facilities are also available for tenors of 1-3 months.
At 4pm, BNM will conduct up to RM47.1 bil for conventional overnight tender and RM23.5 bil for Murabahah overnight tender. – April 7, 2020, Bernama
