KUALA LUMPUR, April 5 — 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 RM45.26 billion in the conventional system and RM10.34 billion in Islamic funds.

BNM will conduct a RM10 billion conventional money market tender, for two to 91 days, as well as, an Islamic range maturity auction Qard tender, worth RM2.1 billion, for six to 14 days.

It will also call for a RM300 million Commodity Murabahah Programme tender for 30 days.

At 4pm, BNM will conduct up to RM35.3 billion in conventional overnight tenders and a RM8 billion Qard overnight tender. — Bernama