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 RM38.04 bil in the conventional system and RM19.86 bil in Islamic funds.
The central bank will conduct three conventional money market tenders of RM2 bil for nine days, RM1 bil for 14 days and RM1 bil 31 days, respectively.
BNM will also conduct a RM3.2 bil Qard tender for four to 14 days, as well as RM1 bil reverse repo tender for 31 days.
At 4pm, BNM will conduct up to RM35 bil conventional overnight tender and RM17.3 bil for Murabahah overnight tender. – May 18, 2020, Bernama