Short-term rates expected to remain stable on Bank Negara's operations
Publish date: Wed, 19 Jan 2022, 11:37 AM
KUALA LUMPUR: 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 RM41.57 billion in the conventional system and RM25.08 billion in Islamic funds.
The central bank will conduct a RM5 billion range maturity auction (RMA) money market for two to 33 days, as well as one Islamic range maturity auction (iRMA) Qard tender worth RM3.4 billion for seven to 33 days.
Bank Negara 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, Bank Negara will conduct up to RM35.6 billion conventional overnight tender and RM20.7 billion Murabahah overnight tender.
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