KUALA LUMPUR, May 20 (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.
Today’s liquidity is estimated at RM48.72 billion in the conventional system and RM22.78 billion in Islamic funds.
The central bank will conduct a RM10 billion range maturity auction money market tender for two to 30 days, as well as two qard tenders of RM1.4 billion for seven days and RM2.5 billion for 14 days.
BNM will also conduct a RM1 billion reverse repo tender for eight to 93 days.
At 4 pm, BNM will conduct up to RM39.7 billion conventional overnight tender and RM18.9 billion for Murabahah overnight tender.
