21.   The move was aimed at siphoning off excess liquidity to reduce the level of funds that could be used for currency speculation.

22.   The overnight rates are used to mop up excess liquidity and help determine the direction of interest rates.

23.   The SBI rate increase is obviously designed to soak up excess liquidity that is threatening to increase inflationary pressures.

24.   This is usually implemented through the use of open market operations in which treasury bills and other instruments are sold to mop up excess liquidity in the system.

25.   Following the cut, the central bank would conduct open market operations in case of excess liquidity to stabilize the local financial market, Shu added.

26.   He said the budget would worsen excess liquidity in the economy and create further inflationary pressure.

27.   In Indonesia, non-food inflation is being fuelled by excess liquidity, it said.

28.   A Bank of Thailand official said the central bank Friday issued an additional three billion baht worth of bonds at its weekly auction to absorb excess liquidity.

29.   Banking officials said current excess liquidity could be between two billion ringgit and four billion ringgit.

30.   Banks are now facing a severe crisis due to huge non-performing loans and excess liquidity.