KUALA LUMPUR, Jan 16 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.                       

BNM estimated today’s liquidity at RM21.10 billion in the conventional system and RM10.20 billion in Islamic funds.            

The central bank will conduct a conventional money market tender of RM500 million for seven days and a repo tender of RM500 million for 21 days.

It will also carry out Al-Wadiah tenders comprising RM350 million and RM1.65 billion for seven days and 14 days respectively, as well as, RM200 million and RM500 million commodity murabahah tenders for 21 days and 31 days, respectively.

At 4pm, Bank Negara will conduct up to RM20.1 billion in conventional overnight tender and a RM7.5 billion Al-Wadiah overnight tender. — Bernama