KUALA LUMPUR, July 30 — 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 RM34.67 billion in the conventional system and RM14.1 billion in Islamic funds.

The central bank will conduct a RM5 billion conventional money market tender for seven days, a RM5 billion Qard for five days to seven days and a RM200 million Commodity Murabahah Programme for seven days.

At 4pm, the central bank will conduct up to RM29.7 billion in conventional overnight tender and a RM9 billion Qard overnight tender. — Bernama