KUALA LUMPUR, Jan 20 — Short-term interbank rates are expected to remain steady today with Bank Negara Malaysia (BNM) intervention to mop up surplus liquidity from the financial system.        

BNM estimated today’s liquidity at RM30.89 billion in the conventional system and RM9.5 billion in the Islamic funds.

The central bank will conduct two conventional money market tenders of RM1.5 billion for seven days and 28 days, respectively.

BNM will call for two repo tenders of RM500 million for 29 days and 45 days.

It will also carry out an Islamic Range Maturity Auction Al-Wadiah tender of RM5.1 billion for two to 10 days.

At 4pm, Bank Negara will conduct up to RM26.8 billion in conventional overnight tender and a RM4.7 billion Al-Wadiah overnight tender. — Bernama