KUALA LUMPUR, April 12 — 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 RM41.43 billion in the conventional system and RM9.91 billion in Islamic funds.

BNM will conduct a RM7 billion range maturity auction for 2-91 days, as well as, three Qard tenders — RM2 billion for seven days, RM1.3 billion for 14 days and RM600 million for 21 days.

At 4pm, BNM will conduct up to RM34.5 billion in conventional overnight tenders and a RM6.0 billion Qard overnight tender. — Bernama