KUALA LUMPUR, Aug 5 — 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 RM34.30 billion in the conventional system and RM11.92 billion in Islamic funds.

The central bank will conduct a RM5 billion conventional money market tender, a RM3.7 billion Qard and a RM750 million Commodity Murabahah Programme for seven days each, as well as, a RM650 million reverse repo tender for 33 days.

At 4pm, the central bank will conduct up to RM30 billion in conventional overnight tender and a RM7.5 billion Qard overnight tender. — Bernama