KUALA LUMPUR, June 1 — 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 RM30.61 billion in the conventional system and RM15.67 billion in Islamic funds.

BNM will conduct a RM5 billion range maturity auction tender for five to 47 days and a RM8.1 billion Qard tender Islamic range maturity auction for seven to 31 days.

At 4pm, BNM will conduct up to RM25.0 billion conventional overnight tender and RM7.6 billion for Qard overnight tender. — Bernama