null Short-term rates set to remain stable on BNM operations
Short-term rates set to remain stable on BNM operations
3 Jul 2023 | Monday Source: New Straits Times
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 RM46.83 billion in the conventional system and RM32.23 billion in Islamic funds.
Today, the central bank will conduct a RM2 billion conventional money market tender for seven days and two reverse repo tenders, comprising a RM1 billion tender for 31 days as well as a RM500 million tender for 91 days.
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