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

KUALA LUMPUR: 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 RM18.23 billion in the conventional system and RM18.59 billion in Islamic funds.

The central bank will issue conventional money market tenders of RM500 million each for seven days and 14 days respectively, as well as an RM500 million Commodity Murabahah Programme (CMP) for 31 days.

It will also issue three Qard tenders valued at RM1 billion for 14 days, RM1 billion for 23 days and RM900 million for 14 days.

At 4 pm, BNM will conduct an up to RM17.2 billion conventional overnight tender and RM15.2 billion Murabahah overnight tender.

Source: NST