Mon06252018

LAST_UPDATESun, 24 Jun 2018 9pm

Short-Term Rates To Remain Steady On BNM's OperationsShort-Term Rates To Remain Steady On BNM's Operations

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 RM33.36 billion in the conventional system and RM13.08 billion in Islamic funds.

The central bank will conduct two conventional money market tenders comprising RM3 billion for seven days and RM2 billion for 14 days .

BNM will also conduct three Qard tenders of RM500 million for seven days, RM200 million for 14 days and RM100 million for 21 days as well as a RM200 million repo tender for 32 days.

At 4 pm, it will conduct up to RM28.2 billion in conventional overnight tender and RM12.3 billion for Qard.

-- BERNAMA