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.
BNM will conduct a RM5.0 billion range maturity auction money market tender for two to 33 days.Today's liquidity is estimated at RM38.05 billion in the conventional system and RM21.25 billion in Islamic funds.
It will also call for an Islamic range maturity auction Qard tender worth RM4.0 billion for seven to 33 days.
Meanwhile, the central bank has 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 RM33.1 billion conventional overnight tenders and RM17.3 billion for Murabahah overnight tenders. – Bernama, December 2, 2020
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