KUALA LUMPUR, Feb 14 — 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 RM34.95 billion in the conventional system and RM29.83 billion in Islamic funds.
Today, the central bank will conduct one RM500 million conventional money market tender for seven days.
BNM will also conduct three Qard tenders, consisting of a RM700 million tender for seven days, a RM300 million tender for 14 days and a RM400 million tender 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 up to RM33.5 billion conventional overnight tender and RM27.4 billion Murabahah overnight tender.
— Bernama
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