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 RM37.29 billion in the conventional system and RM24.09 billion in Islamic funds.

Today, the central bank will conduct a RM1.5 billion reverse repo tender for 33 days and a RM150 million Islamic reverse repo tender for 92 days.

It also announced the availability of reverse repo, sale and buy-back agreements as well as collateralised commodity murabahah facilities with tenors of one and three months.

At 4 pm, BNM will conduct a conventional overnight tender of up to RM38.8 billion and a murabahah overnight tender of up to RM24.2 billion.

-- BERNAMA