KUALA LUMPUR, Aug 24 — 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 RM27.57 billion in the conventional system and RM13.40 billion in Islamic funds.

BNM will conduct four conventional money market tenders of RM500 million for 92 days, RM1.5 billion for 14 days, RM2 billion for 33 days and RM2.5 billion for eight days.

The central bank will also call for a repo tender of RM500 million for 33 days, a Qard Islamic range maturity auction (iRMA) for RM4.92 billion for six days to 21 days, and two commodity murabahah programmes of RM500 million each for 20 and 30 days respectively.

At 4pm, BNM will conduct an up to RM20.5 billion in conventional overnight tender and a RM7.5 billion overnight Qard. — Bernama