KUALA LUMPUR, June 30 — 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 RM34.20 billion in the conventional system and RM9.69 billion in Islamic funds.

The central bank will conduct RM1.0 billion conventional money market tender each for seven days and 14 days, respectively, and two repo tenders comprising RM700 million for 31 and RM800 million for 45 days.

It will also conduct a Qard tender of RM3.6 billion for six to 14 days and a RM300 million Commodity Murabahah Programme tender for 34 days.

At 4pm, BNM will conduct up to RM30.7 billion in conventional overnight tender, as well as, a RM5.8 billion Qard overnight tender. — Bernama