KUALA LUMPUR, July 9 — Short-term interbank rates are expected to remain steady today as Bank Negara Malaysia (BNM) intervenes to absorb excess liquidity from the financial system.

The central bank estimated today’s liquidity at RM27.69 billion in the conventional system and RM4.08 billion in Islamic funds.

BNM will call for four conventional tenders of RM1 billion for two days, seven days, 14 days and 21 days respectively, as well as a RM2 billion tender for 28 days.

The central bank will conduct two RM250 million repo tenders for 34 days and 45 days respectively, and a RM100 million for 125 days.

It will also undertake four Al-Wadiah tenders comprising RM500 million for seven days, 14 days and 28 days respectively, and RM400 million for 21 days.

At 4pm, BNM will conduct a conventional overnight tender for up to RM21 billion and a RM2.2 billion Al-Wadiah overnight tender. – Bernama