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 RM44.49 billion in the conventional system and RM12.99 billion in Islamic funds.
Today, the central bank will carry out two reverse repo tenders comprising RM1.65 billion for 31 days and RM1 billion for 92 days.
It will also carry out an Islamic reverse repo tender of RM800 million for 92 days, as well as a RM3 billion overnight reverse repo tender for one day.
Additionally, it announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities with tenors of one and three months.
At 4pm, BNM will make a RM50.1 billion conventional overnight tender, plus a RM14.5 billion murabahah overnight tender.