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 RM42.64 billion in the conventional system and RM19.15 billion in Islamic funds.

BNM will conduct two reverse repo tenders of RM1.5 billion and RM1.0 billion, each for 32 days and 92 days, respectively, as well as a RM700 million Islamic reverse repo tender (SBBA) for 32 days.

Additionally, BNM has announced one- and three-month tenors for reverse repo, sale and buy-back agreements and collateralised commodity murabahah facilities.

At 4 pm, BNM will conduct a conventional overnight tender of up to RM45.1 billion and a murabahah overnight tender of up to RM19.9 billion.

-- BERNAMA