KUALA LUMPUR, Feb 4 — 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 RM38.57 billion in the conventional system and RM16.19 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM3 billion for seven days. 

It will also conduct a RM2.9 billion commodity murabahah programme for eight days, an Islamic range maturity auction Qard tender of RM4.8 billion for six 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