KUALA LUMPUR: 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 RM32.71 billion in the conventional system and RM25.38 billion in Islamic funds.
Today, the central bank will conduct two RM500 million conventional money market tenders, each for seven and 14 days, respectively, and a seven-day RM500 million Qard tender.
It will also conduct two reverse repo tenders of RM1 billion each for 31 and 29 days, respectively.
BNM also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity Murabahah facilities of one- and three-month tenors.
At 4 pm, BNM will conduct a conventional overnight tender of up to RM33.7 billion and a RM24.9 billion Murabahah overnight tender. - Bernama
