KUALA LUMPUR, Oct 17 —  Short-term interbank rates are expected to remain stable today on Bank Negara’s intervention to reduce excess liquidity from the financial system.           

The central bank estimated today’s liquidity at RM21.55 billion in the conventional system and RM5.53 billion in Islamic funds.

The bank will call for three conventional tenders comprising RM2 billion for seven days and RM1 billion each for 14 and 28 days, as well as, a RM700 million repo tender for 32 days.

Three Al-Wadiah tenders comprising RM1.3 billion for five days, RM800 million for seven days and RM400 million for 14 days will also be called.

At 4pm, Bank Negara will conduct up to RM16.9 billion in conventional overnight tenders and a RM3 billion Al-Wadiah overnight tender. – Bernama