KUALA LUMPUR, July 24 — 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 RM35.47 billion in the conventional system and RM8.22 billion in Islamic funds.

The central bank will conduct a RM3 billion conventional money market tender for seven days, as well as, repo tenders worth RM1.5 billion for 14 days and RM800 million for 32 days.

It will also carry out a RM2.5 million Qard tender for seven days.

At 4 pm, the central bank will conduct up to RM30.2 billion in conventional overnight tender and a RM5.8 billion Qard overnight tender. — Bernama