KUALA LUMPUR – Short-term rates are expected to remain steady on March 30, on Bank Negara Malaysia‘s (BNM) operations to absorb surplus liquidity from the financial system, reported Bernama.
Liquidity in the conventional system is estimated at RM38.38 billion and RM25.85 billion in Islamic funds.
The central bank will conduct three conventional money market tenders, comprising two RM2 billion tenders each for seven days and 31 days, as well as an RM1 billion tender for 14 days.
It will issue a Commodity Murabahah Programmer (CMP) tender of RM150 million for 14 days and a reverse repo tender worth RM610 million for 92 days.
It will also call for an RM6 billion Islamic range maturity auction (iRMA) Qard tender for seven to 31 days.
BNM announced the availability of reverse repo, sale and buy-back agreement (SBBA), and collateralised commodity Murabahah (CCM) facilities to tenors of one to three months.
At 4 pm, the central bank will conduct up to RM33.0 billion conventional overnight tender and Rm18.0 billion for a Murabahah overnight tender.
BNM reserves the right to reject the bank’s bids for overnight tender of the liquidity position is not reported before 4 pm.
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