KUALA LUMPUR, Sept 22 — 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 RM42.56 billion in the conventional system and RM11.02 billion in Islamic funds.

The central bank will conduct a RM2 billion conventional money market tender for six days, a RM7 billion conventional money market tender for seven days, a RM2.5 billion repo for 14 days and a RM1.8 billion Qard tender for seven days and a RM2.6 billion Commodity Murabahah Programme for seven days. 

At 4pm, the central bank will conduct overnight tenders of up to RM30 billion conventional and a RM6.6 billion Qard. — Bernama