Short-term Rates Set To Remain Stable On BNM Operations

KUALA LUMPUR, March 16 (Bernama) -- Short-term rates are expected to remain stable today, supported by Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system.

Liquidity in the banking system is estimated at RM41.22 billion in the conventional market and RM17.27 billion in Islamic funds.

Today, BNM will conduct three reverse repo tenders, comprising RM1.0 billion for eight days, RM1.7 billion for 31 days, and RM800 million for 92 days.

It will also offer two Islamic reverse repo tenders (collateralised commodity Murabahah), worth RM850 million for eight days and RM500 million for 31 days.

The central bank has announced the availability of reverse repos, sell-and-buyback agreements, and collateralised commodity murabahah facilities with tenors of one week, one month, and three months.

At 4 pm, BNM will conduct up to RM44.7 billion in conventional overnight tenders and RM18.6 billion in murabahah overnight tenders.

-- BERNAMA