Business

Short-term rates to remain stable on BNM’s operations

BNM says surplus liquidity will be absorbed ahead of three conventional money market tenders and one Islamic range auction Qard tender

Updated 5 years ago · Published on 07 Jan 2021 10:37AM

Short-term rates to remain stable on BNM’s operations
Bank Negara Malaysia says that today’s liquidity is estimated at RM38.43 billion in the conventional system and RM30.42 billion in Islamic funds – Bank Negara Malaysia pic, January 7, 2021

KUALA LUMPUR – Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Today’s liquidity is estimated at RM38.43 billion in the conventional system and RM30.42 billion in Islamic funds.

BNM will conduct three conventional money market tenders worth RM1 billion for seven days, 14 days and 32 days, respectively.

The central bank will also call for one Islamic range maturity auction Qard tender worth RM5.8 billion for seven to 32 days.

It had also announced the availability of Reverse Repo, Sale and Buy Back Agreement and Collateralised Commodity Murabahah facilities, for tenors of one to three months.

At 4pm, BNM will conduct up to RM35.4 billion conventional overnight tender and RM24.6 billion for Murabahah overnight tender. – Bernama, January 7, 2021

Related News

Malaysia / 23h

Malaysia's July exports increase by 38.2 per cent

Malaysia / 1d

Alumni calls on Malaysia to increase intake of Thai uni students

Malaysia / 2d

Violence in Thailand: Visitors drop by almost 50 per cent

Opinion / 5d

Massive attacks in the Thai Deep South aimed at destroying the economy

Malaysia / 1w

Malaysia records 6% GDP growth in Q2 despite global headwinds, says Sim

Malaysia / 1w

Anwar backs One China policy, says Beijing can pursue reunification

Spotlight

Malaysia

Desa ParkCity deaths: Netizens voice concern, call for increased enforcement, crackdowns on scammers

Malaysia

Seven Yemenis arrested over dangerous stunt on KL road

Malaysia

UMNO gives state leaders mandate to negotiate electoral pacts

Malaysia

Sultan Selangor warns against greed, abuse of trust

By Alfian Z.M. Tahir

Malaysia

Form Six students to get allowance from 2027

Malaysia

Desa ParkCity deaths: Wife believed to be victim of love scam, say cops

Malaysia

Saravanan's letter will be referred to MACC, relevant authorities - PM Anwar

Malaysia

Thirteen arrested after teen girl dies in suspected gang-related road attack in Kulai

You may be interested

Business

Robo.ai Inc announces appointment of new independent director

By Alfian Z.M. Tahir

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions

Business

K8 Cargo: Company still in limbo, claims CEO

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings

Business

Malaysia’s international reserves stand at US$132.07b in July