KUALA LUMPUR, Oct 16 — 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 RM45.48 billion in the conventional system and RM7.38 billion in Islamic funds.

The central bank will conduct a RM12 billion range-maturity auction for five to 14 days, two Qard tenders, a RM1.4 billion Qard for seven days and a RM500 million Qard for 14 days, as well as a repo tender worth RM400 million for 45 days.

At 4 pm, BNM will conduct an overnight conventional tender of up to RM31 billion and a RM6.1 billion Wadiah tender. — Bernama