7th April 2026 - 2 min read
Bank Negara Malaysia (BNM) conducted a series of money market operations on 6 April 2026, absorbing surplus liquidity in the banking system to keep short-term interest rates stable.
Liquidity in the system stood at RM41.57 billion in the conventional market and RM27.46 billion in Islamic funds.
To manage this surplus, BNM ran three reverse repo tenders: RM2.0 billion for seven days, RM600 million for 30 days, and RM900 million for 91 days. The central bank also made available reverse repos, sell-and-buyback agreements, and collateralised commodity Murabahah facilities across one-week, one-month, and three-month tenors.
An overnight tender of up to RM45.1 billion under the conventional framework and RM27.5 billion under the Murabahah framework was also conducted at 4pm.
When there is too much cash sitting in the banking system, short-term borrowing rates can drift downward, which in turn affects the rates banks offer on deposits and charge on loans. By absorbing this excess liquidity, BNM kept those rates anchored closer to the current OPR of 2.75%, which has been held steady since the Monetary Policy Committee meeting on 5 March 2026.
For most people, the immediate effect is limited. Fixed deposit rates, home loan repayments, and personal financing costs are unlikely to shift based on a single day’s operations. These routine interventions are how BNM maintains day-to-day stability in the financial system, well before any changes to the OPR itself would come into the picture.
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Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.
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