KUALA LUMPUR, Aug 27 — 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 RM41.37 billion in the

conventional system and RM11.77 billion in Islamic funds.

BNM will conduct a RM9 billion range maturity auction tender for five days to seven days and a RM2.3 billion Qard for seven days.

The central bank will also conduct a RM2 billion Commodity Murabahah Programme for seven days.

At 4pm, the central bank will conduct an up to RM32.4 billion conventional overnight tender and a RM7.5 billion overnight Qard. — Bernama