KUALA LUMPUR, July 18 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

BNM estimated today’s liquidity at RM28.93 billion in the conventional system and RM7.57 billion in Islamic funds.

The central bank will conduct four conventional money market tenders, comprising RM3.5 billion for seven days, RM2 billion for 14 days, RM1.5 billion for 21 days and RM500 million for 28 days.

It will call for four Al-Wadiah tenders comprising RM1.35 billion for seven days, RM450 million for 12 days, RM200 million for 13 days and RM2.15 billion for 14 days.

BNM will also call for two repo tenders comprising RM100 million for 31 days and RM900 million for 94 days, as well as a RM900 million Islamic range-maturity auction for 17 days to 31 days.

At 4 pm, Bank Negara will conduct up to RM20.4 billion in conventional overnight tenders and a RM3 billion Al-Wadiah overnight tender.— Bernama