KUALA LUMPUR: Short-term rates are expected to remain stable today, supported by Bank Negara Malaysia’s (BNM) operations to absorb excess liquidity in the financial system.
Liquidity in the banking system is estimated at RM41.85 billion in the conventional market and RM35.19 billion in the Islamic funds market.
BNM will conduct a reverse repo tender of RM1.0 billion for seven days.
The central bank also 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 RM42.8 billion in conventional overnight tenders and RM34.4 billion in murabahah overnight tenders. – BERNAMA
