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 RM32.05 billion in the conventional system and RM21.41 billion in Islamic funds.

Today, the central bank will conduct a RM2.0 billion reverse repo tenders tender and a RM200 million Islamic reverse repo tender, both for seven days, respectively.

Additionally, BNM has announced the availability of reverse repo, sell and buy back agreements, and collateralised commodity murabahah facilities with tenors of one week, one month and three months.

At 4 pm, it will conduct up to a RM34.0 billion conventional overnight tender and RM21.6 billion for a murabahah overnight tender. — BERNAMA