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 RM52.42 bil in the conventional system and RM28.68 bil in Islamic funds.
The central bank will conduct two conventional money market tenders worth RM2 bil each for seven days and 14 days respectively as well as two reverse repo tenders comprising of a RM1 bil for 90 days and a RM650 mil for 29 days.
It will also conduct two Qard tenders valued at RM4.3 bil for seven days and RM300 mil for 14 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 1-3 months.
At 4pm, BNM will conduct up to RM50.1 bil for conventional overnight tender and RM24.1 bil for Murabahah overnight tender. – April 9, 2020, Bernama
