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Short-term rates set to remain stable on BNM operations

21 Mar 2023 09:58am
Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

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 RM48.51 billion in the conventional system and RM26.04 billion in Islamic funds.

Today, the central bank will conduct two RM500 million conventional money market tenders for seven days and 31 days, respectively.

It will also conduct two Qard tenders comprising RM1.1 billion for seven days and RM200 million for 14 days, as well as a RM1.7 billion reverse repo tender for 31 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.

The central bank will also conduct a RM100 million commodity Murabahah programme tender for 31 days, as well as RM1 billion Bank Negara Interbank Bills tender for 91 days.

At 4 pm, BNM will conduct up to RM46.5 billion in conventional overnight tender and RM23.6 billion for Murabahah overnight tender. - BERNAMA

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