KUALA LUMPUR: Short-term rates are expected to remain stable today on Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity is estimated at RM43 billion in the conventional system and RM34.24 billion in Islamic funds.

Today, the central bank will conduct three conventional money market tenders comprising two RM2 billion tenders for seven and 14 days, as well as a RM1 billion tender for 33 days.

BNM will also carry out three commodity Murabahah programme tenders, consisting of two RM100 million tenders for seven and 14 days, a RM200 million tender for 33 days, and a RM1.1 billion reverse repo tender for 33 days.

It has also announced the availability of reverse repo, sale and buy-back agreement and collateralised commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM will conduct up to RM38.1 billion conventional overnight tender and RM32.8 billion for Murabahah overnight tender.

-- BERNAMA