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 RM51.60 bil in the conventional system and RM29.55 bil in Islamic funds.
The central bank will conduct two conventional money market tenders worth RM2 billion each for seven days and 14 days respectively as well as three reverse repo tenders comprising of a RM1.51 bil for 32 days, a RM1 bil for 61 days and a RM100 mil for 91 days.
It will also conduct two Qard tenders valued at RM3.9 bil for seven days and RM1.1 bil 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 RM50.2 bil for conventional overnight tender and RM24.5 bil for Murabahah overnight tender. – April 10, 2020, Bernama
