KUALA LUMPUR, May 3 (Bernama) — Short-term rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity is estimated at RM48.48 billion in the conventional system and RM24.66 billion in Islamic funds.
The central bank will conduct one range maturity auction (RMA) money market tender of RM7 billion for two to 31 days.
It will also call for two Qard tenders comprising a RM2.8 billion tender for seven days, and a RM2.7 billion tender for 31 days, as well as one reverse repo tender of RM1.25 billion for 31 days.
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 RM41.5 billion conventional overnight tender and RM18.0 billion Murabahah overnight tender.
BNM reserves the right to reject bank’s bids for overnight tender if the liquidity position is not reported before 4pm.
