KUALA LUMPUR, Jan 29 — Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.

The central bank estimated today’s liquidity at RM25.579 billion in the conventional system and RM8.185 billion in Islamic funds.

Bank Negara will conduct two RM1.0 billion conventional money market tenders for seven and 15 days, respectively, and two repo tenders of RM200 million for 14 days and RM300 million for 47 days.

It will issue two Al-Wadiah tenders comprising RM1.35 billion for seven days and RM650 million for 14 days.

Two commodity Murabahah programme tenders of RM900 million for eight days and RM350 million for 29 days will also be carried out.

At 4pm, Bank Negara will conduct up to RM23.0 billion in conventional overnight tender and a RM5.0 billion Al-Wadiah overnight tender. — Bernama