KUALA LUMPUR, May 31 — 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 RM30.19 billion in the conventional system and RM11.92 billion in Islamic funds.

BNM will conduct three conventional money market tenders of RM2 billion for seven day, as well as, two RM1 billion tenders for 14 days and 30 days respectively, and a repo tender of RM500 million for 30 days.

The central bank will also conduct three Qard tenders of RM1.7 billion for seven days, RM1.2 billion for 14 days and RM900 million for 21 days.

At 4pm, BNM will conduct up to RM25.0 billion in conventional overnight tenders and a RM8.2 billion qard overnight tender. — Bernama