KUALA LUMPUR: Short-term rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Today's liquidity is estimated at RM26.60 billion in the conventional system and RM14.83 billion in Islamic funds.
The central bank will issue a conventional money market tender of RM2 billion for seven days, RM2 billion for 14 days and RM1 billion for 21 days, as well as a RM500 million Commodity Murabahah Programme for 32 days.
It will also issue a RM3.2 billion Islamic range maturity auction Qard tender for seven days to 32 days and a RM290 million reverse repo tender for 32 days.
At 4 pm, BNM will conduct an up to RM21.9 billion for conventional overnight tender and RM11.2 billion Murabahah overnight tender.