KUALA LUMPUR, Jan 9 — 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 RM31.745 billion in the conventional system and RM16.998 billion in Islamic funds.

The central bank will conduct three RM2.0 billion conventional money market tenders for seven days 14 days and 21 days each, as well as a RM4.6 billion Islamic range maturity auction Qard tender for seven days to 21 days.

It will also conduct a repo tender of RM350 million for 31 days, a RM1.8 billion Commodity Murabahah Programme for 31 days, as well as a Bank Negara Interbank Bills of RM500 million for 181 days.

At 4 pm, BNM will conduct an up to RM25.4 billion conventional overnight tender and RM10.6 billion Qard overnight tender.  — Bernama