KUALA LUMPUR, March 13 — 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.

The central bank estimated today’s liquidity at RM24.22 billion in the conventional system and RM6.23 billion in Islamic funds.

BNM will conduct a RM1 billion conventional money market tender for seven days and a RM900 million repo tender for 45 days.

It will also conduct Al-Wadiah tenders of RM1.2 billion for 14 days and RM1.4 billion for seven days.

At 4pm, BNM will conduct up to RM22 billion in conventional overnight tender and a RM3.6 billion Al-Wadiah overnight tender. — Bernama