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 RM34.42 bil in the conventional system and RM19.05 bil in Islamic funds.
BNM will conduct two conventional money market tenders, comprising a RM1 bil tender each for seven days and 14 days, respectively.
The central bank will also carry out a Qard Islamic Range Maturity (iRMA) tender worth RM3.8 bil for five days to 32 days.
It has also announced the availability of reverse repo, Sale and Buy Back Agreement (SBBA) and Collateralised Commodity Murabahah (CCM) facilities for tenors of one to three months.
At 4pm, BNM will conduct up to RM32.4 bil conventional overnight tender and RM15.3 bil for Murabahah overnight tender. – Oct 8, 2020
