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 RM34.03 billion in the conventional market and RM23.57 billion in Islamic funds.
Today, BNM will conduct two RM500 million reverse repo tenders for eight and 89 days, respectively.
It also offers an RM500 million Islamic reverse repo tender (SBBA) for eight 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 RM35.0 billion in conventional overnight tender and RM24.1 billion in murabahah overnight tender. – BERNAMA
