KUALA LUMPUR, Jan 22 — 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 RM25.71 billion in the conventional system and RM15.71 billion in Islamic funds.
The central bank will conduct two conventional money market tenders, consisting of RM2 billion for seven days and RM1 billion for 14 days.
It will also conduct one Qard Islamic Range Maturity (iRMA) tender worth RM4 billion for seven to 33 days where the placement may be withdrawn by the successful bidder before the maturity date.
At 4 pm, BNM will conduct up to RM22.7 billion for a conventional overnight tender and RM11.7 billion for a Murabahah overnight tender.
— Bernama
