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 RM58.10 billion in the conventional system and RM35.69 billion in Islamic funds.

Today, the central bank will conduct three conventional money market tenders, comprising a RM3 billion tender for seven days, a RM2 billion tender for 14 days and RM1 billion tender for 21 days, as well as a RM305 million reverse repo tender for 90 days.

BNM also called three Qard tenders, namely a RM1.5 billion tender for seven days, a RM500 million tender for 14 days and a RM200 million tender for 21 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 RM51.4 billion and RM32.5 billion for murabahah overnight tender.

-- BERNAMA