KUALA LUMPUR, Jan 21 — Short-term interbank rates are expected  to be stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

BNM estimated today’s liquidity at RM35.41 billion in the conventional system and RM19.54 billion in Islamic funds.

The central bank will conduct a RM7.5 billion range maturity auction  money market tender for six to 32 days and a RM4.95 billion Islamic range maturity auction Qard tender for six to 14 days.

BNM will also conduct a RM3 billion commodity murabahah programme for eight days and a repo tender of RM1 billion for 33 days.

At 4pm, BNM will conduct up to RM20.5 billion in conventional overnight tenders and a RM8.5 billion Qard. — Bernama