KUALA LUMPUR, Feb 3 — Short-term rates are expected to remain stable today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity is estimated at RM20.95 billion in the conventional system and RM19.13 billion in Islamic funds.
Today, the central bank will conduct two reverse repo tenders comprising a RM2.6 billion tender for seven days and a RM1.5 billion tender for 28 days.
It will also conduct a RM2 billion overnight reverse repo tender for one day.
Additionally, BNM announced the availability of reverse repo, sell and buy-back agreements, and collateralised commodity murabahah facilities for tenors of one week, one month and three months.
At 4pm, BNM will conduct up to RM27.1 billion conventional overnight tender and up to RM19.13 billion in murabahah overnight tender.
— Bernama
