KUALA LUMPUR, March 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 RM34.401 billion in the conventional system and RM11.06 billion in Islamic funds.

BNM will conduct three conventional money market tenders, each worth RM1 billion, for seven days, 14 days and 32 days, respectively.      

It will also call for three Qard tenders, of RM900 million each, for seven

days, 14 days and 21 days, respectively, as well as, a Qard tender of RM2.9 billion for seven days to 21 days.

At 4 pm, BNM will conduct up to RM31.4 billion in conventional overnight tenders and a RM8.2 billion Qard overnight tender. — Bernama