KUALA LUMPUR, Nov 23 — Short—term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity from the financial system.

BNM estimated today’s liquidity at RM42.7 billion in the conventional system and RM12.54 billion in Islamic funds.

The central bank will conduct a RM8.5 billion conventional money market tender for seven days, a RM1.5 billion repo tender for 30 days and a RM3.9 Qard tender for seven days.

At 4pm, BNM will conduct up to RM31.0 billion in conventional overnight tender and a RM8.2 billion Qard overnight tender. — Bernama