KUALA LUMPUR, April 23 — 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 RM23.6 billion in the conventional system and RM7.16 billion in Islamic funds.

BNM will conduct two conventional money market tenders of RM500 million for seven days and 32 days, as well Al-Wadiah tenders of RM700 million for seven days and RM2.6 billion for 14 days.

At 4pm, BNM will conduct an up to RM22.6 billion conventional overnight tender and RM3.9 billion for Al-Wadiah overnight tender. — Bernama