KUALA LUMPUR, March 12 - Short-term rates are expected to remain stable today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity is estimated at RM13.83 billion in the conventional system and RM22.95 billion in Islamic funds.

Today, the central bank will conduct three reverse repo tenders, comprising a RM2.4 billion tender for seven days, a RM1.5 billion tender for 33 days, and a RM1.0 billion tender for 92 days.

BNM has also called for two Islamic reverse repo tenders (sell-and-buy-back agreements), comprising a RM480 million tender for seven days and a RM200 million tender for 92 days, as well as a RM9 billion overnight reverse repo tender for one day.

Additionally, it 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, BNM will conduct a conventional overnight tender of up to RM27.7 billion and a murabahah overnight tender of up to RM23.6 billion. -