KUALA LUMPUR, Aug 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 RM25.69 billion in the conventional system and RM11.65 billion in Islamic funds.

BNM will conduct three conventional money market tenders comprising RM1.5 billion for seven days, RM1.0 billion for 14 days and RM1.5 billion for 33 days.

The central bank will also conduct a RM5.1 billion Qard Islamic Range Maturity Auction for seven to 21 days and a RM500 million repo tender for 33 days.

At 4pm, BNM will conduct an up to RM21.0 billion in conventional overnight tender and a RM6.6 billion overnight Qard. — Bernama