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 RM34.63 bil in the conventional system and RM29.74 bil in Islamic funds.
The central bank will conduct two conventional money market tenders worth RM1 bil for seven days and RM500 mil for 14 days, as well as a RM1 bil reverse repo tender for 92 days.
It will also carry out two Qard tenders comprising of RM3.7 bil for seven days and RM1.8 bil for 14 days.
BNM had also announced the availability of reverse repo, Sale and Buy Back Agreement (SBBA) and Collateralised Commodity Murabahah (CCM) transaction facilities, for tenures of one to three months.
At 4pm, BNM will conduct up to RM34.1 bil conventional overnight tender and RM24.2 bil for Murabahah overnight tender. – May 14, 2020, Bernama
