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

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

KUALA LUMPUR, Dec 1 — 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 RM36.69 billion in the conventional system and RM19.03 billion in Islamic funds.

BNM will conduct three conventional money market tenders of RM1.0 billion each for seven days, 14 days and 30 days, respectively.

It will also call for an Islamic range maturity auction (iRMA) Qard tender worth RM3.0 billion for seven to 31 days.

Meanwhile, the central bank has 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 RM33.7 billion conventional overnight tender and RM16.0 billion for Murabahah overnight tender.

— Bernama

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