Short-term rates to remain stable

KUALA LUMPUR: 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 RM25.704 billion in the conventional system and RM5.744 billion in Islamic funds.

Bank Negara will call for a RM6 billion range maturity auction tender for four days to 61 days and a repo tender for RM600 million for 31 days.

The financial services regulator will also call for a RM2.4 billion Al-Wadiah tender for seven days to 31 days. At 4 pm, Bank Negara will conduct up to RM19.1 billion in conventional overnight tenders and a RM3.6 billion Al-Wadiah overnight tender.