Selangor Journal

SHORT-TERM RATES TO REMAIN STEADY ON BNM’S OPERATIONS

Photo taken from The Edge Markets

KUALA LUMPUR (Bernama) – Short-term rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Today’s liquidity is estimated at RM24.6 billion in the conventional system and RM11.9 billion in Islamic funds.

The central bank will be issuing two RM2 billion conventional money market tenders for seven days and 14 days each, a RM2.7 billion Islamic range maturity auction Qard tender for six days to 32 days, as well as, a RM290 million reverse repo tender for 32 days.

At 4 pm, BNM will conduct an up to RM20.9 billion conventional overnight tender and RM9.2 billion Murabahah overnight tender.

– BERNAMA

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