KUALA LUMPUR, July 8 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.

BNM estimated today’s liquidity at RM30.43 billion in the conventional system and RM10.06 billion in Islamic funds.

The central bank will conduct a RM1 billion conventional money market tender for two days and a RM500 million similar tender for seven days, as well as, a reverse repo tender, worth RM200 million, for 92 days.

BNM will also conduct a RM3.3 billion Qard Islamic range maturity auction tender for two to seven days.

At 4pm, the central bank will conduct up to RM29.1 billion in conventional overnight tender and a RM6.8 billion qard overnight tender.  — Bernama