KUALA LUMPUR, Nov 4 — Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to reduce excess liquidity from the financial system.

BNM estimated today’s liquidity at RM36.57 billion in the conventional system and RM11.08 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM3 billion for two days and a Qard of RM1.1 billion for seven days.

BNM will also conduct a commodity murabahah programme tender of RM1.4 billion for 14 days and a repo tender of RM200 million for 44 days.

At 4pm, it will conduct an overnight conventional tender of up to RM31 billion and a RM8.6 billion Wadiah. — Bernama