KUALA LUMPUR, March 14 — 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 RM46.38 billion in the conventional system and RM24.48 billion in Islamic funds.
Today, the central bank will conduct a RM1 billion conventional money market tender for seven days.
It will also conduct three Qard tenders, comprising a RM800 million tender for seven days, a RM1.5 billion tender for 14 days and a RM1 billion tender for 21 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 RM44.4 billion conventional overnight tender and RM20.2 billion for Murabahah overnight tender.
— Bernama
