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.
Liquidity is estimated at RM32.47 billion in the conventional system and RM26.46 billion in Islamic funds.
Today, the central bank will conduct two conventional money market tenders, namely a RM1 billion tender for seven days and a RM500 million tender for 14 days.
It will also call for two Qard tenders, comprising a RM400 million tender for seven days and a RM200 million tender for 14 days, as well as two reverse repo tenders, consisting of a RM1.5 billion tender for 32 days and a RM500 million tender for 92 days.
The central bank will also be issuing a RM3 billion Bank Negara Interbank Bills tender for 32 days on October 9.
BNM also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity Murabahah facilities for one-month and three-month tenors.
At 4 pm, it will conduct up to RM32.0 billion conventional overnight tender and RM25.9 billion for the Murabahah overnight tender. – Bernama, October 5, 2023