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

15 Mar 2023 10:04am
Short-term rates are expected to remain stable today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.
Short-term rates are expected to remain stable today on Bank Negara Malaysia’s operations to absorb surplus liquidity from the financial system.
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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 RM62.48 billion in the conventional system and RM18.58 billion in Islamic funds.

Today, the central bank will conduct four conventional money market tenders, comprising two RM500 million tenders for seven days and 14 days, respectively, as well as two RM1 billion tenders for 21 days and 33 days, respectively.

It will also conduct one Commodity Murabahah Programme (CMP) tender of RM100 million for 33 days.

BNM has 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 up to RM58.5 billion conventional overnight tender and RM17.5 billion for Murabahah overnight tender. - BERNAMA

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