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

Bank Negara Malaysia.

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 RM26.11 billion in the conventional system and RM15.12 billion in Islamic funds.

The central bank will issue three conventional money market tenders worth RM1.5 billion for seven days, RM1 billion for 14 days and RM1 billion for 21 days respectively and two reverse repo tender worth RM550 million for 20 days and RM60 million for 63 days.

BNM will also conduct three Qard tenders worth RM1 billion for 7 days, RM600 million for 14 days and RM600 million for 31 days.

The bank will also issue one Bank Negara Interbank Bills (BNIB) worth RM500 million for 91 days and one Bank Negara Interbank Bills Islamic (BNIBI) worth RM500 million for 33 days.

At 4 pm, BNM will conduct an up to RM23.2 billion conventional overnight tender and RM12.9 billion Murabahah overnight tender.