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.
Liquidity is estimated at RM50.46 billion in the conventional system and RM35.83 billion in Islamic funds.
Today, the central bank will call for three conventional money markets tenders, comprising two RM2 billion tenders, each one for seven days and 14 days, respectively, as well as a RM1 billion tender for 31 days.
It will also call for three Qard tenders, consisting of a RM1.4 billion tender for seven days, a RM1.3 billion tender for 14 days and a RM900 million tender for 21 days.
BNM will also conduct two reverse repo tenders, namely a RM200 million tender for 91 days and a RM1.1 billion tender for 182 days.
It has also announced the availability of reverse repo, sale and buy-back agreement, and Collateralised Commodity Murabahah facilities for tenors of one to three months.
At 4 pm, BNM will conduct up to RM45.8 billion conventional overnight tender and RM31.2 billion for Murabahah overnight tender.– BERNAMA