KUALA LUMPUR, July 24 — Short-term interbank rates are expected to remain stable today following Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

The central bank estimated today’s liquidity at RM19.853 billion in the conventional system and RM7.582 billion in Islamic funds.

The BNM will call for a RM6 billion range maturity auction money market tender for two days to 92 days and a RM300 million repo tender for 124 days.

It will also undertake an Al-Wadiah tender comprising RM3.2 billion for two days to 91 days.

At 4pm, Bank Negara will conduct a conventional overnight tender for up to RM13.7 billion and a RM4.2 billion Al-Wadiah overnight tender. – Bernama