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
