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 RM47.60 billion in the conventional market and RM24.96 billion in the Islamic fund market.
BNM will conduct a reverse repo tender of RM500 million for seven days, and two Islamic reverse repo tenders (sell-and-buyback agreements) of RM500 million for seven days and RM150 million for 30 days.
The central bank also 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 RM48.1 billion in conventional overnight tender and RM25.6 billion in murabahah overnight tender. – BERNAMA
