KUALA LUMPUR, Dec 8 (NNN-Bernama) — Short-term rates are expected to remain stable Tuesday on Bank Negara Malaysia (BNM) (Central Bank of Malaysia’s) operations to absorb surplus liquidity from the financial system.
Today’s liquidity is estimated at RM36.70 billion in the conventional system and RM14.92 billion in Islamic funds.
BNM will conduct two conventional money market tenders worth RM1.0 billion each for seven and 14 days, respectively.
It will also call for an Islamic range maturity auction (iRMA) Qard tender worth RM1.8 billion for seven to 31 days.
Meanwhile, the central bank also announced the availability of Reverse Repo, Sale and Buy Back Agreement (SBBA) and Collateralised Commodity Murabahah (CCM) facilities for tenors of one to three months.
At 4pm, BNM will conduct up to RM34.7 billion conventional overnight tender and RM13.1 billion for Murabahah overnight tender.
— NNN-BERNAMA
