KUALA LUMPUR, Jan 14 — 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 RM40.54 billion in the conventional system and RM25.59 billion in Islamic funds.
BNM will conduct three conventional money market tenders, comprising two RM2 billion tenders for seven and 15 days, and one RM1 billion tender for 32 days.
The central bank also will conduct a RM5.1 billion Qard tender- Islamic range maturity auction (iRMA) for four to 32 days.
It had 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 RM35.5 billion conventional overnight tender and RM20.5 billion for Murabahah overnight tender.