KUALA LUMPUR, April 6 — 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 RM42.4 billion in the conventional system and RM10.97 billion in Islamic funds.

BNM will conduct a RM10 billion range maturity auction conventional money market tender, for 4-91 days.

It will also call for Qard tenders, worth RM900 million, for seven days, RM1.3 billion for 14 days, RM600 million for 21 days and RM200 million for 31 days, respectively.

At 4pm, BNM will conduct up to RM32.4 billion in conventional overnight tenders and a RM8 billion Qard overnight tender. — Bernama