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 RM39.09 billion in the conventional market and RM19.30 billion in Islamic funds.
Today, BNM will conduct three reverse repo tenders, comprising RM1.5 billion for seven, 31 and 92 days, respectively.
It will also offer two Islamic reverse repo tenders (CCM), worth RM500 million for seven 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 RM43.6 billion in conventional overnight tenders and RM19.5 billion in murabahah overnight tenders. – BERNAMA
