KUALA LUMPUR, Feb 3 — 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 RM39.76 billion in the conventional system and RM16.26 billion in Islamic funds.

The central bank will conduct two conventional money market tenders comprising RM3 billion for 14 days and RM1.5 billion for 21 days.

It will also conduct a RM1.9 billion commodity murabahah programme for eight days, an Islamic range maturity auction Qard tender of RM5.1 billion for two days to 14 days, and a repo tender of RM500 million for 29 days.

At 4pm, BNM will conduct an up to RM32 billion in conventional overnight tender and a RM7 billion Qard overnight tender. — Bernama