Short-term rates to remain stable on Bank Negara operations
KUALA LUMPUR: Short-term rates are expected to remain stable today following Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity is estimated at RM31.53 billion in the conventional system and RM23.02 billion in the Islamic funds.
Today, BNM will conduct two reverse repo tenders, RM2.8 billion for seven days and RM1.0 billion for 91 days, as well as two Islamic reverse repo tenders (sell and buy-back agreement) of RM280 million for seven days and RM350 million for 91 days.
It also announced the availability of reverse repo, sell and buy-back agreements, and collateralised commodity murabahah facilities with tenors of one week, one month, and three months.
At 4 pm, BNM will conduct up to RM35.3 billion in a conventional overnight tender and RM23.7 billion in a murabahah overnight tender.
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