KUALA LUMPUR, June 1— 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.    

BNM estimated today’s liquidity at RM31.07 billion in the conventional system and RM10.55 billion in Islamic funds.    

The central bank will conduct a conventional money market tender for RM4 billion of between seven days to 30 days.

It will also conduct a RM4.75 billion Al-Wadiah tender for seven to 14 days, as well as a RM900 million Commodity Murabahah Programme tender for 30 days.

At 4pm, it will conduct an up to RM27.1 billion in conventional overnight tender and a RM5 billion Al-Wadiah overnight tender.  — Bernama