KUALA LUMPUR, May 18 — 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 RM38.04 billion in the conventional system and RM19.86 billion in Islamic funds.
The central bank will conduct three conventional money market tenders of RM2 billion for nine days, RM1 billion for 14 days and RM1 billion 31 days, respectively.
BNM will also conduct a RM3.2 billion Qard tender for four to 14 days, as well as RM1 billion reverse repo tender for 31 days.
At 4 pm, BNM will conduct up to RM35 billion conventional overnight tender and RM17.3 billion for Murabahah overnight tender.
— Bernama
