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 RM50.94 billion in the conventional system and RM40.6 billion in Islamic funds.

Today, the central bank will conduct two conventional money market tenders, comprising RM2 billion tenders for seven days and 14 days.

BNM also called for three Qard tenders, consisting of a RM1.7 billion tender for seven days, a RM1.2 billion tender for 14 days and a RM900 million tender for 21 days. The bank also called for two reverse repo tenders worth RM1 billion for 31 days and RM1.94 billion for 62 days.

It 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 RM48.9 billion and a RM35.8 billion Murabahah overnight tender.

-- BERNAMA