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 RM40.49 billion in the conventional system and RM39.81 billion in Islamic funds.

Today, the central bank will conduct two RM1 billion conventional money market tenders for seven days and 14 days, one commodity Murabahah programme tender of RM1 billion for 34 days, and an RM800 million reverse repo tender for 365 days.

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

At 4 pm, BNM will conduct a conventional overnight tender of up to RM38.3 billion and a RM37.8 billion Murabahah overnight tender.

-- BERNAMA