KUALA LUMPUR: Short-term rates are expected to remain stable today (Feb 10) on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.
Today’s liquidity is estimated at RM25.58 bil in the conventional system and RM11.01 bil in Islamic funds.
The central bank will conduct two conventional market tenders of RM1 bil each for seven and 14 days respectively, two Qard tenders worth RM1.5 bil for seven days and RM200 mil for 11 days, as well as a RM1.46 bil reverse repo tender for 29 days.
At 4pm, the BNM will conduct up to RM25 bil for conventional overnight tender and RM9.3 bil for Murabahah overnight tender. – Feb 10, 2020, Bernama