Short-term rates are expected to remain stable today on Bank Negara Malaysia's (BNM) continuous intervention to absorb excess liquidity from the financial system.

The central bank estimated today's liquidity at RM26.56 billion in the conventional system and RM10.98 billion in Islamic funds.

BNM will conduct three conventional money market tenders, comprising RM2.0 billion for seven days, and RM1.0 billion for 31 days and 62 days.

The central bank will also call for a RM1 billion repo tender for 45 days, a RM3.25 billion Qard tender Islamic range maturity auction for seven to 24 days and a RM500 commodity murabahah programme tender for 31 days.

At 4pm, BNM will conduct an up to RM21.0 billion in conventional overnight tender and a RM7.3 billion overnight Qard.