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 RM43.58 billion in the conventional system and RM29.07 billion in Islamic funds.

The central bank will conduct two conventional money market tenders today, comprising RM1.0 billion for seven days and RM500 million for 14 days as well as a Qard tender worth RM700 million for seven days.

It will also call for two reverse repo tenders, comprising a RM1.5 billion tender for 33 days and a RM500 million tender for 92 days.

BNM has announced that it will be issuing a RM2.5 billion Bank Negara Interbank Bills tender for 30 days on November 27.

The central bank also announced the availability of reverse repo, sale and buy-back agreements and collateralised commodity Murabahah facilities of one-month and three-month tenors.

At 4pm, it will conduct a conventional overnight tender of up to RM44.1 billion and a Murabahah overnight tender of up to RM28.4 billion. – Bernama, November 23, 2023.