Selangor Journal
A general view of the Bank Negara Malaysia BNM) in Kuala Lumpur, Malaysia, on July 31, 2019. — Picture by REUTERS

Short-term rates to remain stable on BNM’s operations

KUALA LUMPUR, Sept 15 — 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 RM34.03 billion in the conventional system and RM16.43 billion in Islamic funds.

BNM will conduct a RM5 billion range maturity auction tender for three to 30 days and two Islamic range maturity auction (iRMA) Qard tenders worth RM500 million each for seven days and 14 days.

 At 4 pm, BNM will conduct an up to RM29 billion conventional overnight tender and RM15.4 billion for a Murabahah overnight tender.

 

— Bernama

 

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