KUALA LUMPUR, June 14 — 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 RM35.63 billion in the conventional system and RM12.25 billion in Islamic funds.

The bank will conduct money market range maturity auction of RM7 billion for 2-92 days, one commodity murabah programme tender of RM500 million for 30 days.

It will also conduct four  Qard Islamic range maturity auction tenders comprising RM1.3 billion for seven days, two tenders of RM600 million each for 14 days and 30 days as well as RM1.6 billion for 21 days.

At 4 pm, BNM will conduct up to RM28.6 billion in conventional overnight tenders and a RM7.7 billion overnight Qard tender. — Bernama