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 RM52.88 bil in the conventional system and RM35.91 bil in Islamic funds.
The central bank will conduct conventional money market tenders of RM2 bil for seven days and RM1 bil for 14 days, as well as, Qard tenders of RM3.8 bil for seven days and RM1.7 bil for 14 days.
It will also conduct reverse repo tenders or RM1 bil for 91 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 RM50.9 bil for conventional overnight tender and RM30.4 bil for Murabahah overnight tender. – April 16, 2020, Bernama
