Business

Short-term rates on BNM’s operations to remain stable

Today's liquidity estimated at RM34.00 billion in conventional system, RM16.93 billion in Islamic funds

Updated 5 years ago · Published on 09 Dec 2020 10:06AM

Short-term rates on BNM’s operations to remain stable
BNM will conduct two conventional money market tenders worth RM1.0 billion each for seven and 14 days, respectively. – Bernama pic, December 9, 2020

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 RM34.00 billion in the conventional system and RM16.93 billion in Islamic funds.

BNM will conduct two conventional money market tenders worth RM1.0 billion each for seven and 14 days, respectively.

It will also call for an Islamic range maturity auction (iRMA) Qard tender worth RM2.2 billion for seven to 33 days, as well as two Reverse Repo tender amounting RM140 million for 33 days and RM800 million for 90 days. 

Meanwhile, the central bank also announced the availability of Reverse Repo, Sale and Buy Back Agreement (SBBA) and Collateralised Commodity Murabahah (CCM) facilities for tenors of one to three months.

At 4pm, BNM will conduct up to RM32.9 billion conventional overnight tender and RM14.7 billion for Murabahah overnight tender. – Bernama, December 9, 2020.

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