BNM keeps stable short-term rates to mop-up liquidity

BNM keeps stable short-term rates to mop-up liquidity

Two money market tenders expected later today to manage liquidity surplus.

Ongoing tender operations to continue as BNM reels in liquidity.
KUALA LUMPUR:
Stable short-term rates are still expected from Bank Negara Malaysia (BNM) as operations continue to mop-up liquidity surplus from the financial system.

Liquidity is estimated at RM40.52 billion in the conventional system and RM33.24 billion in Islamic funds.

Today, the central bank will conduct two conventional money market tenders, comprising RM1 billion tenders for seven days and 31 days, respectively.

BNM will also conduct three Qard tenders, namely a RM3.2 billion tender for seven days, a RM200 million tender for 14 days and a RM400 million tender for 21 days.

The central bank also called for a RM1 billion reverse repo tender for 63 days.

It has also announced the availability of reverse repo, sale and buy-back agreement and collateralised commodity Murabahah facilities for tenors of one to three months.

At 4pm, BNM will conduct a RM38.5 billion conventional overnight tender and RM28.4 billion Murabahah overnight tender.

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