KUALA LUMPUR, June 17 — 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 RM26.95 billion in the conventional system and RM8.51 billion in Islamic funds.

The central bank will conduct a RM1 billion conventional money market tender for seven days, a RM500 million repo tender for 47 days, as well as, Qard tenders of RM1.4 billion for seven days and RM2.7 billion for 14 days.

At 4pm, it will conduct an up to RM25.5 billion conventional overnight tender and RM4.5 billion Qard overnight tender. — Bernama