KUALA LUMPUR, June 8 — 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 RM37.85 billion in the conventional system and RM34.88 billion in Islamic funds.
Today, the central bank will conduct a RM1 billion conventional money market tender for seven days, as well as two Qard tenders, comprising a RM1.5 billion tender for seven days and a RM500 million tender for 14 days.
It will also call for two reverse repo tenders, consisting of a RM3.7 billion tender for 32 days and a RM100 million tender for 92 days.
The central bank also announced the availability of reverse repo, sale and buy-back agreements as well as Collateralised Commodity Murabahah facilities for tenors of one to three months.
At 4pm, BNM will conduct up to RM39.6 billion conventional overnight tender and RM31.9 billion for Murabahah overnight tender. — Bernama
