KUALA LUMPUR – Short-term rates are expected to remain stable on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
The liquidity is estimated at RM37.45 billion in the conventional system and RM25.40 billion in Islamic funds.
BNM will conduct a RM2 billion conventional money market tender for seven days, as well as two RM1 billion Qard tenders for seven days and 14 days, respectively.
It also announced the availability of reverse repo, sale and buy-back agreement, and collateralised commodity urabahah facilities for tenors of one to three months.
At 4pm, BNM will conduct up to RM35.5 billion conventional overnight tender and RM23.4 billion for Murabahah overnight tender. – Bernama, March 2, 2021
