Short-term rates are expected to remain stable today with Bank Negara Malaysia intervening to absorb excess liquidity from the financial system. [NSTP/ROHANIS SHUKRI]

KUALA LUMPUR: 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 RM41.14 billion in the conventional system and RM13.73 billion in Islamic funds.

The central bank will conduct four conventional money market tenders comprising RM3 billion for seven days and 14 days respectively, as well as RM2 billion for 21 days and 28 days.

BNM will also issue three Qard tenders of RM1.85 billion for seven days, RM1 billion for 14 days and RM800 million for 21 days.

A RM1 billion Bank Negara Interbank bill was also issued for 89 days.At 4 pm, BNM will conduct an up to RM31.1 billion conventional overnight tender and RM10.1 billion overnight Qard.

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