Short-term interbank rates are expected to remain stable today following Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system.

The central bank estimated today's liquidity at RM34.879 billion in the conventional system and RM7.965 billion in Islamic funds.

The bank will call for a RM12 billion range-maturity auction programme for one day to 121 days and a repo tender of RM200 million for 92 days.

It will also call for three Al-Wadiah tenders-- RM1.6 billion for seven days, RM300 million for 14 days and RM500 million for 21 days and a RM300 million Commodity Murabahah Programme for 92 days.

At 4pm, Bank Negara will conduct a conventional overnight tender of up to RM22.7 billion and a RM5.2 billion Al-Wadiah overnight tender.-- Bernama