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Short-term rates to remain steady on BNM's operations

06/04/2021 10:12 AM

KUALA LUMPUR, April 6 -- Short-term rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity in the conventional system is estimated at RM41.72 billion and RM25.14 billion in Islamic funds.

The central bank will conduct three conventional money market tenders comprising RM2 billion tenders each for seven days, 14 days and 30 days, respectively, and an Islamic range maturity auction (iRMA) Qard tender valued at RM3.4 billion for seven to 30 days.

It will also conduct a RM250 million Commodity Murabahah Programme tender for 63 days.

BNM 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, the central bank will conduct up to RM34.5 billion conventional overnight tender and RM20.0 billion for a Murabahah overnight tender.

BNM reserves the right to reject bank's bids for overnight tender if the liquidity position is not reported before 4pm.












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