KUALA LUMPUR, Oct 23 — Short-term interbank rates are expected to remain stable today, with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.

BNM estimated today’s liquidity at RM34.75 billion in the conventional system and RM8.83 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM2 billion for seven days and a Qard tender of RM1.7 billion for seven days.

A commodity murabahah programme tender of RM1.7 billion for 14 days and two repo tenders of RM1.5 billion for 31 days and RM1.4 billion for 45 days would also be called.

At 4pm, BNM will conduct an overnight conventional tender of up to RM28 billion and a RM5.5 billion Wadiah tender. — Bernama