KUALA LUMPUR, June 26 — 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 RM33.02 billion in the conventional system and RM7.29 billion in Islamic funds.

The central bank will conduct three conventional money market tenders — RM2 billion for seven days and 14 days respectively, and RM1 billion for 31 days.

It will also conduct a Qard tender of RM2.4 billion for six to 14 days and a RM300 million Commodity Murabahah Programme tender for 31 days.

At 4pm, BNM will conduct up to RM28.0 billion in conventional overnight tender as well as a RM4.6 billion Qard overnight tender. — Bernama