KUALA LUMPUR, Nov 16 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.

BNM estimated today's liquidity at RM36.30 billion in the conventional system and RM14.20 billion in Islamic funds.

The central bank will conduct two conventional money market tenders of RM4 billion for seven days and RM2 billion for ten days.    

It will also conduct a RM2.6 billion Qard for seven days, as well as a RM1 billion Commodity Murabahah Programme for 14 days.

At 4pm, it will conduct an up to RM29.0 billion conventional overnight tender and RM10.6 billion overnight Qard. ― Bernama