KUALA LUMPUR, March 16 ― 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 RM40.76 billion in the conventional system and RM9.78 billion in Islamic funds.

BNM will conduct a range maturity auction (RMA) money market tender worth RM8 billion for 4-32 days.

It will also call for an Islamic range maturity auction (iRMA) Qard tender of RM3.2 billion for seven to 21 days.

At 4pm, BNM will conduct up to RM32.8 billion in conventional overnight tenders and a RM6.6 billion Qard overnight tender. ― Bernama