KUALA LUMPUR – Short-term rates are expected to remain stable on Tuesday on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
The liquidity is estimated at RM37.1 billion in the conventional system and RM20.91 billion in Islamic funds.
BNM will conduct two conventional money market tenders comprising RM2 billion for seven days and RM1 billion for 14 days, as well as a RM3.4 billion Islamic range maturity auction (iRMA) Qard tender for seven days to 28 days.
The central bank 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 RM34.1 billion conventional overnight tender and RM17.5 billion for Murabahah overnight tender. – Bernama, February 25, 2021
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