KUALA LUMPUR, June 9 — 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 RM25.47 billion in the conventional system and RM9.59 billion in Islamic funds.         

BNM will conduct a conventional money market tender comprising RM2 billion for seven days. 

The central bank will also conduct a Qard Islamic range maturity auction tender valued at RM4.5 billion for seven days to 21 days.

At 4pm, BNM will conduct an up to RM23 billion in conventional overnight tender and a RM5.1 billion overnight Qard tender. — Bernama