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Short-term rates to remain stable on BNM’s operations

21 Jan 2020 / 10:41 H.

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.

Today's liquidity is estimated at RM24.97 billion in the conventional system and RM15.38 billion in Islamic funds.

The central bank will conduct two conventional money market tenders, consisting of RM1 billion for seven days and RM1 billion for 14 days, as well a stwo Qard tenders, comprising RM2.1 billion for seven days and RM1.5 billion for 14 days.

At 4 pm, BNM will conduct up to RM23.0 billion for a conventional overnight tender and RM11.8 billion for a Murabahah overnight tender. - BERNAMA

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