KUALA LUMPUR, Aug 19 — 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 RM26.60 billion in the conventional system and RM9.79 billion in Islamic funds. 

BNM will conduct a money market range maturity auction tender of RM6 billion for five to 61 days and a Qard Islamic range maturity auction tender for RM3 billion for four to 21 days. 

The central bank will also conduct two repo tenders of RM500 million for 31 days and RM500 million for 61 days. 

At 4pm, BNM will conduct up to RM19.5 billion in conventional overnight tender and a RM6.8 billion overnight Qard. — Bernama