KUALA LUMPUR, July 11 — 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 RM32.07 billion in the conventional system and RM13.17 billion in Islamic funds.

BNM will conduct a RM7 billion range maturity auction tender for three days to 45 days and two repo tenders — RM500 million each for 31 days and 45 days, respectively.

The central bank will also conduct three Qard Islamic tenders — RM1.9 billion for seven days, RM900 million for 14 days and RM400 million for 21 days, respectively.

At 4 pm, BNM will conduct an up to RM23 billion in conventional overnight tender and a RM10 billion overnight Qard. — Bernama