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 RM37.52 billion in the conventional market and RM32.37 billion in the Islamic money market.
BNM will conduct a reverse repo tender of RM2.0 billion for seven 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 4:00 pm, BNM will conduct up to RM39.5 billion in conventional overnight tenders and RM32.4 billion in murabahah overnight tenders. – BERNAMA
