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 RM36.23 billion in the conventional market and RM19.35 billion in Islamic funds.
Today, BNM will conduct two reverse repo tenders, each worth RM500 million, for seven and 28 days, respectively.
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 RM36.8 billion in conventional overnight tenders and RM19.4 billion in murabahah overnight tenders. – BERNAMA
