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

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

Today’s liquidity is estimated at RM31.72 billion in the conventional system and RM22.57 billion in Islamic funds.

The central bank will conduct three conventional money market tenders of RM2 billion each for seven days, 14 days and 21 days, respectively.

BNM will also conduct a RM2.7 billion Islamic range maturity auction Qard tender for seven to 29 days and a RM200 million Commodity Murabahah Programme tender for 61 days.

At 4pm, it will conduct up to RM25.7 billion for conventional overnight tender and RM19.7 billion for Qard overnight tender.