KUALA LUMPUR, Jan 30 ― 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 RM44.65 billion in the conventional system and RM18.01 billion in Islamic funds.

The central bank will conduct a range maturity auction money market tender of RM15 billion for six to 59 days and a repo tender worth RM100 million for 29 days.

 BNM will also conduct an Islamic range maturity auction Qard tender worth RM2.9 billion for eight days to 29 days and a RM1.15 billion Commodity Murabahah Programme tender for 30 days.

At 4pm, BNM will conduct an up to RM29.6 billion conventional overnight tender and RM14 billion overnight Qard. ― Bernama