KUALA LUMPUR, July 1 — Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's intervention to absorb excess liquidity from the financial system.

The central bank estimated today's liquidity at RM34.249 billion in the conventional system and RM11.795 billion in Islamic funds.

Bank Negara will conduct a RM15 billion range-maturity auction for one day to 59 days, RM300 million repo tender for 15 days, a RM5.1 billion Al-Wadiah tender for three days to 13 days and a RM200 million Commodity Murabahah Programme for 15 days.

At 4 pm, Bank Negara will conduct up to RM18.9 billion in conventional overnight tender and a RM6.5 billion Al-Wadiah overnight tender. — Bernama