Short-term Rates Set To Remain Stable On BNM Operations

KUALA LUMPUR, April 18 (Bernama) -- Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity is estimated at RM41.53 billion in the conventional system and RM24.39 billion in Islamic funds.

Today, the central bank will conduct three conventional money market tenders consisting of RM500 million each for seven days, 14 days, and 30 days, respectively.

It will also conduct three Qard tenders comprising RM800 million for seven days, RM600 million for 14 days, and RM1 billion for 21 days. 

A reverse repo tender of RM100 million for 91 days will also be conducted. 

The central bank had also announced the availability of reverse repo, sale and buy-back agreements and Collateralised Commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM will conduct up to RM39.1 billion in conventional overnight tender and RM21.0 billion for Murabahah overnight tender. 

(US$1 = RM4.43)

-- BERNAMA