Short-term rates set to remain stable on BNM operations

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 RM43.35 billion in the conventional system and RM41.10 billion in Islamic funds.

Today, the central bank will conduct two RM1 billion conventional money market tenders, each one for seven and 14 days respectively, as well as three Qard tenders, comprising an RM1.6 billion tender for seven days, an RM1.1 billion tender for 14 days, and an RM200 million tender for 21 days.

BNM also will conduct two reverse repo tenders, namely an RM270 million tender for 90 days and an RM490 million tender for 181 days.

It 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 a conventional overnight tender of up to RM41.1 billion and a RM37.2 billion Murabahah overnight tender. – Bernama, January 5, 2023