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 RM38.74 billion in the conventional market and RM16.19 billion in the Islamic money market.
BNM will conduct two reverse repo tenders worth RM500 million and RM5.50 billion, each for one day and seven days, respectively.
The central bank also called for Islamic reverse repo tender (sale and buy back) valued at RM800 million for seven days as well as Islamic reverse repo tender (collaterised commodity murabahah) worth RM100 million for 32 days.
The central bank also announced the availability of reverse repos, sell-and-buy-back agreements, and collateralised commodity murabahah facilities with tenors of one week, one month and three months.
At 4:00 pm, BNM will conduct conventional overnight tenders of up to RM44.7 billion and murabahah overnight tenders of up to RM16.9 billion. – BERNAMA
