Short-term rates to remain steady on BNM interventions

KUALA LUMPUR, April 16 ― Short-term rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Today's liquidity is estimated at RM27.65 billion in the conventional system and RM12.56 billion in Islamic funds.

The central bank would be conducting three conventional money market tenders of RM2 billion for seven days and 14 days, and RM1 billion for 21 days, three Qard tenders of RM700 million for seven days, RM400 million for 14 days, and RM200 million for 21 days.

BNM will also call for two commodity murabahah programme tenders of RM700 million for 63 days and RM500 million for 91 days, as well as a reverse repo tender of RM300 million for 30 days.

BNM will also be issuing Bank Negara Interbank Bills of RM500 million for 30 days on April 17.

At 4pm, the central bank will be conducting an up to RM22.9 billion conventional overnight tender and RM10.1 billion overnight Qard. ― Bernama

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