KUALA LUMPUR, March 17 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity is estimated at RM52.52 billion in the conventional system and RM24.22 billion in Islamic funds.
Today, the central bank will conduct four RM1 billion conventional money market tenders for seven days, 14 days, 21 days and 31 days, respectively.
It will also conduct two Qard tenders comprising RM1.1 billion for seven days and RM500 million for 14 days, as well as a RM1 billion reverse repo tender for 31 days.
BNM has also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.
At 4pm, BNM will conduct up to RM48.5 billion conventional overnight tender and RM21.6 billion for Murabahah overnight tender.
— Bernama
