KUALA LUMPUR, Jan 8 — 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 RM28.15 billion in the conventional system and RM14.7 billion in Islamic funds.

The central bank will conduct two RM1.5 billion conventional money market tenders for seven days and 14 days each, as well as a RM4.3 billion Qard tender for seven days to 14 days.

It will also conduct reverse repo tenders of RM420 million for 31 days and RM310 million for 91 days.

At 4 pm, BNM will conduct an up to RM25.9 billion conventional overnight tender and RM10.4 billion overnight Qard. — Bernama