KUALA LUMPUR, Jan 10 — 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 RM44.55 billion in the conventional system and RM39.87 billion in Islamic funds.
Today, the central bank will conduct a conventional money market tender amounting to RM1 billion for seven days and two Qard tenders of RM3 billion for seven days and RM600 million for 21 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 RM42.6 billion and a RM35.3 billion Murabahah overnight tender.
— Bernama
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