KUALA LUMPUR, June 19 — 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 RM28.36 billion in the conventional system and RM7.78 billion in Islamic funds. 

The central bank will conduct conventional money market tenders of RM1.5 billion for seven days and RM1 billion for RM32 days as well as, Qard tenders of RM1.6 billion for seven days and RM1.3 billion for 14 days.

It will also conduct a RM600 million repo tender for 47 days and RM500 million Commodity Murabahah Programme for 31 days.

At 4 pm, BNM will conduct an up to RM25.3 billion conventional overnight tender and RM4.5 billion Qard overnight tender.  — Bernama