KUALA LUMPUR, May 17 — 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 RM30.114 billion in the conventional system and RM10.518 billion in Islamic funds.

BNM will conduct a RM3.4 billion Islamic range maturity auction tender for six days to 14 days and a RM250 million reverse repo tender for 31 days.

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

At 4pm, BNM will conduct an up to RM25.0 billion in conventional overnight tender and a RM7.3 billion overnight Qard. — Bernama