KUALA LUMPUR, Dec 4 — 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 RM36.31 billion in the conventional system and RM21.21 billion in Islamic funds.
BNM will conduct three conventional money market tenders worth RM1.0 billion each for seven, 14 and 31 days, respectively.
It will call for a RM500 million repo tender for 31 days and an Islamic range maturity auction (iRMA) Qard tender worth RM3.0 billion for four to 31 days.
The central bank will also issue two reverse repo tenders, comprising RM255 million for 31 days and RM1.15 billion for 90 days.
Meanwhile, the central bank 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 RM34.2 billion conventional overnight tender and RM18.2 billion for Murabahah overnight tender.
— Bernama
