KUALA LUMPUR, Jan 10 — 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 RM33.86 billion in the conventional system and RM13.38 billion in Islamic funds.

The central bank will conduct a RM9 billion range maturity auction money market tender for two days to 90 days, as well as, two Qard tenders of RM2.8 billion for seven days and RM600 million for 23 days.

It will also conduct a reverse repo tender of RM250 million for 91 days.

At 4pm, BNM will conduct an up to RM25.1 billion conventional overnight tender and RM10 billion overnight Qard. — Bernama