KUALA LUMPUR, Nov 24 ― Short-term interbank rates are expected to remain steady today on Bank Negara Malaysia (BNM)'s intervention to absorb surplus liquidity from the financial system.

BNM estimated today's liquidity at RM36.9 billion in the conventional system and RM12.8 billion in Islamic funds.

The central bank will conduct two conventional money market tenders comprising RM1.5 billion for three days and RM3.5 billion for seven days.

It will also carry out a RM3.0 Qard tender for seven days and a RM350 million reverse repo tender for 14 days.

At 4pm, BNM will conduct up to RM30.0 billion in conventional overnight tender and a RM9.8 billion Qard overnight tender. ― Bernama