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 RM48.49 billion in the conventional system and RM23.56 billion in Islamic funds.

Today the central bank will conduct two RM1 billion conventional money market tenders, each one for seven days and 14 days, respectively.

It will also conduct two reverse repo tenders, consisting of a RM200 million tender for 31 days and a RM1.63 billion tender for 91 days. 

The central bank also announced the availability of reverse repo, sale and buy-back agreements as well as Collateralised Commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM will conduct up to RM47.3 billion conventional overnight tender and RM22.6 billion for a Murabahah overnight tender.

 - BERNAMA