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 RM51.93 bil in the conventional system and RM32.37 bil in Islamic funds.
The central bank will conduct conventional money market tenders of RM2 billion for seven days and RM500 mil for 14 days, as well as, Qard tenders of RM3.9 bil for seven days and RM500 mil for 14 days.
It will also conduct reverse repo tenders or RM1 billion 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 RM50.4 bil for conventional overnight tender and RM28.0 bil for Murabahah overnight tender.
