KUALA LUMPUR, Aug 20 — Short-term interbank rates are likely to remain stable on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

The central bank estimated today’s liquidity at RM44.36 billion in the conventional system and RM11.73 billion in Islamic funds.

BNM will conduct a RM10.0 billion range-maturity auction for four days to seven days, a RM3.25 billion Qard tender for seven days, a RM1.7 billion Commodity Murabahah Programme for seven days, as well as a RM500 million repo tender for 14 days.

At 4 pm, the central bank will conduct an up to RM33.9 billion conventional overnight tender and RM6.8 billion for Qard overnight tender. — Bernama