KUALA LUMPUR: Short-term rates are expected to remain stable today (Feb 17) on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Today’s liquidity is estimated at RM18.69 bil in the conventional system and RM14.03 bil in Islamic funds.
The central bank will conduct two RM500 mil conventional market tenders for seven and 14 days respectively, as well as, RM4.8 bil Qard tender-Islamic range maturity auction for seven days to 21 days.
It will also conduct RM500 mil Commodity Murabahah Programme for 29 days and a RM950 mil reverse repo tender for 21 days.
At 4 pm, the BNM will conduct up to RM18.6 bil for conventional overnight tender and RM8.7 bil for Murabahah overnight tender. – Feb 17, 2020, Bernama.