KUALA LUMPUR, Jan 3 — Short-term rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.

BNM estimated today’s liquidity at RM46.4 billion in the conventional system and RM18.46 billion in Islamic funds.

The central bank will conduct a RM15 billion range maturity auction money market tender for five days to 90 days and a RM500 million Commodity Murabahah Programme tender for 61 days.

At 4 pm, BNM will conduct up to RM31.4 billion for conventional overnight tender and RM11.1 billion for Qard overnight tender. — Bernama