KUALA LUMPUR, Feb 28 — 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 RM35.17 billion in the conventional system and RM32.62 billion in Islamic funds.
Today, the central bank will conduct two RM1 billion conventional money market tenders, one each for seven and 14 days, as well as a RM3.35 billion reverse repo tender for 31 days.
It also will conduct three Qard tenders, consisting of two RM1.2 billion tenders for seven and 14 days and a RM200 million tender for 21 days.
Additionally, BNM will conduct one Bank Negara Interbank Bills Islamic (BNIBI) tender amounting to RM500 million for 91 days.
BNM 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 up to RM35.5 billion conventional overnight tender and RM29.0 billion for Murabahah overnight tender.
— Bernama
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