KUALA LUMPUR: Short-term prices are expected to remain stable today on Bank Negara Malaysia’s (BNM) operations to absorb excess liquidity from the financial system.
Liquidity can be estimated at RM43. 07 billion within the conventional system plus RM25. 61 billion in Islamic funds.
Today, the central bank will conduct two typical money market tenders, comprising a RM1 billion tender just for six days along with a RM500 million sensitive for 14 days; in addition to two Commodity Murabahah Programme tenders, that includes a RM400 million tender for 14 days as well as a RM100 million tender for 21 days.
BNM will likely conduct a RM370 million reverse repo tender for 184 days,
It had also announced the availability associated with reverse repo, selling and buy-back agreement, and Collateralised Item Murabahah facilities regarding tenors of one to three months.
From 4 pm, BNM will conduct as much as RM40. 9 billion conventional overnight tender and RM24. one billion for Murabahah overnight tender. – Bernama