KUALA LUMPUR: Short-term rates are expected to remain stable today, supported by Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system.
Liquidity in the banking system is estimated at RM32.58 billion in the conventional market and RM17.89 billion in Islamic funds.
Today, BNM will conduct three reverse repo tenders, comprising RM500 million for seven days and RM1 billion each for 28 days and 91 days.
It also offers a RM1-billion Islamic reverse repo tenders (sell and buy back) for seven days.
The central bank has announced the availability of reverse repos, sell-and-buyback agreements, and collateralised commodity ‘murabahah’ facilities with tenors of one week, one month and three months.
At 4 pm, BNM will conduct up to RM35.1 billion in conventional overnight tenders and RM18.9 billion in ‘murabahah’ overnight tenders. – BERNAMA
