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 RM45.91 bil in the conventional system and RM31.03 bil in Islamic funds.
The central bank will conduct a conventional money market tender of RM2 bil for seven days, and two Qard tenders consisting of RM4.3 bil for seven days and RM500 mil for 15 days.
It will also call for a reverse repo tender of RM1 bil for 30 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 one to three months.
At 4pm, BNM will conduct up to RM43.9 bil for a conventional overnight tender and RM26.2 bil for a Murabahah overnight tender. – April 27, 2020, Bernama
