KUALA LUMPUR, Jan 29 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system.

BNM estimated today's liquidity at RM43.38 billion in the conventional system and RM19.47 billion in Islamic funds.   

The central bank will conduct two conventional money market tenders comprising RM5 billion for seven days and RM2 billion for 14 days.

BNM will also conduct a RM3.7 billion commodity murabahah programme for seven days, an Islamic range maturity auction Qard tender of RM3.7 billion for seven days to 14 days, and a repo tender of RM500 million for 31 days.

At 4pm, BNM will conduct up to RM32 billion in conventional overnight tenders and a RM8.3 billion Qard overnight tender. ― Bernama