KUALA LUMPUR, Jan 22 ― 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 RM39.55 billion in the conventional system and RM12 billion in Islamic funds.

The central bank will conduct a RM6 billion conventional money market tender for seven days and a Qard tender of RM1 billion for seven days.

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

At 4pm, BNM will conduct an up to RM25 billion in conventional overnight tender and a RM7 billion overnight Qard. ― Bernama