KUALA LUMPUR: Short-term rates are expected to remain stable today, supported by Bank Negara Malaysia’s operations to absorb excess liquidity in the financial system.
Liquidity in the banking system is estimated at RM37.10 billion in the conventional market and RM26.48 billion in the Islamic money market.
Today, BNM will conduct two reverse repo tenders worth RM4 billion and RM410 million, each for tenors of seven days and 30 days, respectively.
The central bank also called for an Islamic reverse repo tender (Commodity Murabahah) worth RM500 million tender for seven days.
The central bank also announced the availability of reverse repos, Securities Borrowing and Buying-Back Agreements (SBBAs), and collateralised Commodity Murabahah facilities with tenors of one week, one month and three months.
At 4 pm, BNM will conduct up to RM41.5 billion in conventional overnight tenders and RM27 billion Murabahah overnight tenders. – BERNAMA
