KUALA LUMPUR - Short-term interbank rates are expected to remain stable today, supported by Bank Negara Malaysia’s (BNM) operations to manage liquidity in the financial system.
Liquidity in the banking system is estimated at RM38.09 billion in the conventional market and RM29.24 billion in the Islamic money market.
Today, BNM will conduct three reverse repo tenders comprising a RM7.0 billion tender for seven days, a RM2.0 billion tender for 32 days and a RM500 million tender for 94 days.
It will also conduct two Islamic reverse repo (collateralised commodity murabahah) tenders, one for RM100 million for seven days and another RM100 million for 32 days.
BNM also announced the availability of reverse repos, sell-and-buy-back agreements and collateralised commodity murabahah facilities with tenors of one week, one month and three months.
At 4pm, BNM will conduct up to RM51.6 billion in conventional overnight tenders and RM31.7 billion in murabahah overnight tenders. - BERNAMA