Selangor Journal

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

Photo taken from the Malaysian Reserve

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.

Today’s liquidity is estimated at RM25.85 billion in the conventional system and RM16.28 billion in Islamic funds.

The central bank will issue a RM6 billion MM tender – RMA for five days to 59 days.

It will also issue two Qard tenders of RM1.9 billion each for seven days and 21 days, as well as an RM500 million Commodity Murabahah Programme (CMP) for 32 days.

At 4 pm, BNM will conduct an up to RM20.3 billion conventional overnight tender and RM12 billion Murabahah overnight tender.

-BERNAMA

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