KUALA LUMPUR, June 2 — 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 RM26.29 billion in the conventional system and RM13.40 billion in Islamic funds.      

BNM will conduct two conventional money market tenders of RM1.5 billion for seven days and a RM500 million tender for 32 days.

The central bank will also conduct a Qard tender Islamic range maturity auction of RM5.6 billion for six days to 25 days and a repo tender of RM300 million for 32 days.

At 4 pm, BNM will conduct up to RM24.0 billion in conventional overnight tender and a RM7.8 billion Qard overnight tender. — Bernama