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Short-term Rates To Remain Stable On BNM Operations

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KUALA LUMPUR: Short-term rates are expected to remain stable today as Bank Negara Malaysia (BNM) absorbs surplus liquidity from the financial system.

Current liquidity levels are estimated at RM31.37 billion in the conventional system and RM22.86 billion in Islamic funds.

The central bank will conduct a RM1.5 billion reverse repo tender with a 32-day tenor and an Islamic reverse repo tender of RM700 million for a 32-day tenor.

BNM has also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity murabahah facilities with tenors of one and three months.

At 4 pm, BNM will conduct a conventional overnight tender for up to RM32.9 billion and a murabahah overnight tender for up to RM23.6 billion.

Source:BERNAMA News Agency

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