KUALA LUMPUR, Jan 26 ― 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 RM46.93 billion in the conventional system and RM16.61 billion in Islamic funds.

The central bank will conduct a RM9 billion range maturity auction money market tender for seven days to 31 days and a Qard tender of RM5.2 billion for seven days.

BNM will also conduct a RM1 billion commodity murabahah programme tender for seven days and a repo of RM1 billion for 31 days.

At 4pm, BNM will conduct an up to RM31 billion in conventional overnight tender and a RM7 billion Qard overnight tender. ― Bernama