KUALA LUMPUR, July 3 — 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 RM36.59 billion in the conventional system and RM32.60 billion in Islamic funds.
The central bank will conduct three conventional money market tenders worth RM1 billion each for seven days, 14 days and 31 days.
BNM will also undertake an Islamic range maturity auction Qard tender valued at RM7.7 billion for six days to 31 days and a RM500 million reverse repo tender for 94 days.
It announced that Reverse Repo, Sale and Buy Back Agreement (SBBA) transaction and Collateralised Commodity Murabahah (CCM) transaction facilities are also available for tenors of one to three months.
At 4 pm, BNM will conduct an up to RM33.1 billion conventional overnight tender and RM24.9 billion for a Murabahah overnight tender.
