KUALA LUMPUR, Aug 15 — Short-term interbank rates are expected to remain steady today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system.

The central bank estimated today’s liquidity at RM22.101 billion in the conventional system and RM6.440 billion in Islamic funds.

The bank will call a RM2 billion conventional tender for seven days and three RM1 billion conventional tenders for 14 days, 21 days and 28 days, respectively.

It will also conduct a RM100 million repo tender for 92 days, Al-Wadiah tenders of RM250 million for 14 days, RM200 million for 21 days and RM700 million for 28 days.

At 4 pm, Bank Negara Malaysia will conduct a conventional overnight tender of up to RM17 billion and a RM5.3 billion Al-Wadiah overnight tender. – Bernama