Short-term rates set to remain stable on BNM operations

KUALA LUMPUR, Aug 17 (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 RM44.44 billion in the conventional system and RM22.33 billion in Islamic funds.

Today, the central bank will conduct two RM1 billion conventional money market tenders for seven and 21 days.

It will also conduct two commodity murabahah programme tenders, comprising a RM200 million tender for 33 days and a RM700 million tender for 61 days.

It had also announced the availability of reverse repo, sale and buy-back agreement and collateralised commodity murabahah facilities for tenors of one to three months.

At 4 pm, BNM will conduct up to RM41.4 billion conventional overnight tender and RM20.4 billion for murabahah overnight tender.

-- BERNAMA