KUALA LUMPUR, July 4 — Short-term rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) continuous intervention to absorb excess liquidity from the financial system.

The central bank estimated today’s liquidity at RM36.35 billion in the conventional system and RM12.04 billion in Islamic funds.

BNM will conduct a RM8.5 billion range maturity auction tender for four to 31 days and a RM4 billion Qard tender for seven to 21 days.

At 4pm, BNM will conduct up to RM27 billion in conventional overnight tender and a RM8.1 billion overnight Qard. — Bernama