KUALA LUMPUR, March 1 — 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 RM42.86 billion in the conventional system and RM24.60 billion in Islamic funds.
Today, the central bank will conduct two conventional money market tenders, comprising a RM1 billion tender for seven days and a RM500 million tender for 14 days.
It also will conduct a RM400 million reverse repo tender for 92 days and one commodity Murabahah programme of RM1 billion 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 4pm, BNM will conduct up to RM40.8 billion conventional overnight tender and RM22.6 billion for Murabahah overnight tender.
— Bernama
