KUALA LUMPUR, May 25 — 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 RM37.80 billion in the conventional system and RM12.38 billion in Islamic funds.

BNM will conduct three conventional money market tenders comprising RM2 billion each for seven days, 14 days and 21 days, respectively and a Qard tender involving RM4 billion for seven days to 29 days.

It also will conduct two Commodity Murabahah Programme tenders comprising RM7 billion each for 34 days and 35 days, respectively.

At 4pm, BNM will conduct up to RM31.8 billion in conventional overnight tenders and a RM7.0 billion Qard overnight tender. — Bernama