Short-term rates set to remain stable on BNM'S operations

18 Oct 2022 10:05am
Bank Negara Malaysia - 123RF
Bank Negara Malaysia - 123RF
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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 RM33.19 billion in the conventional system and RM27.67 billion in Islamic funds.

Today, the central bank will conduct a RM500 million conventional money market tender for seven days, as well as three Qard tenders, consisting of a RM1.2 billion tender for seven days, a RM500 million tender for 14 days and a RM800 million tender for 21 days.

It will also call for a reverse repo tender of RM600 million for 92 days.

The central bank has also announced the availability of reverse repo, sale and buy-back agreement, and Collateralised Commodity Murabahah facilities for tenors of one to three months.
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At 4 pm, BNM will conduct up to RM32.3 billion conventional overnight tender and RM24.2 billion for Murabahah overnight tender. - BERNAMA

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