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 RM53.68 billion in the conventional system and RM47.82 billion in Islamic funds.

Today the central bank will conduct a conventional money market tender amounting to RM500 million for seven days and one commodity Murabahah programme tender of RM1 billion for 15 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 RM52.2 billion and a RM45.8 billion Murabahah overnight tender. – Bernama / pic Muhd Amin Naharul