Short-term rates set to remain stable n BNM's operations

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Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

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 RM46.54 billion in the conventional system and RM43.08 billion in Islamic funds.

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Today, the central bank will conduct two conventional money market tenders, comprising a RM2 billion tender for seven days and a RM1 billion tender for 14 days, as well as one Commodity Murabahah Programme tender worth RM100 million for 29 days.

BNM also called for three Qard tenders -- a RM1.7 billion tender for seven days, a RM900 million tender for 14 days and a RM400 million tender for 21 days, as well as three reverse repo tenders, namely a RM1.5 billion tender for 32 days, a RM100 million tender for 90 days and a RM1.715 billion tender for RM182 days.

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It had also announced the availability of reverse repo, sale and buy-back agreements, and Collateralised Commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM will conduct a conventional overnight tender of up to RM45.9 billion and RM39.0 billion for Murabahah overnight tender. - BERNAMA

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