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 RM51.996 bil in the conventional system and RM30.29 bil in Islamic funds.
The central bank will conduct two conventional money market tenders worth RM2 bil for seven days and RM1.5 bil for 14 days.
It will also conduct two Qard tenders valued at RM4.4 bil for seven days and RM200 mil for 14 days as well as a reverse repo tender of RM1 bil for 30 days.
At 4pm, BNM will conduct up to RM49.5 bil for conventional overnight tender and RM25.7 bil for Murabahah overnight tender. – April 8, 2020, Bernama
