KUALA LUMPUR, April 4 — Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb surplus liquidity from the financial system.

The central bank estimated today’s liquidity at RM39.35 billion in the conventional system and RM17.43 billion in Islamic funds.

BNM will conduct a range maturity auction tender of RM9 billion for four days to 45 days, a RM5.65 billion Qard tender for seven days to 14 days and a RM250 million Commodity Murabahah Programme for 21 days.

At 4 pm, BNM will conduct an up to RM29 billion conventional overnight tender and RM11.6 billion overnight Qard.  — Bernama