KUALA LUMPUR, Nov 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 RM33.55 billion in the conventional system and RM18.32 billion in Islamic funds.
BNM will conduct three conventional money market tenders of RM1 billion each for seven days, 14 days and 30 days, respectively, as well as a Qard-Islamic Range Maturity (iRMA) tender worth RM2.6 billion for two days to 30 days.
It has also announced the availability of reverse repo, Sale and Buy Back Agreement (SBBA) and Collateralised Commodity Murabahah (CCM) facilities for tenors of one to three months.
At 4pm, BNM will conduct up to RM30.5 billion conventional overnight tender and RM15.7 billion for Murabahah overnight tender.
— Bernama
