KUALA LUMPUR, Dec 3 ― Short-term interbank rates are expected to remain steady today on Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.

BNM estimated today's liquidity at RM43.11 billion in the conventional system and RM13.87 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM5.0 billion for seven days, a Qard of RM3.7 billion for seven days and two repo tenders of each RM200 million for 32 days and 46 days respectively.                

A commodity murabahah programme of RM3.0 billion for seven days will also be called.

At 4pm, BNM will conduct an up to RM36 billion in conventional overnight tender and a RM8.0 billion overnight Qard. ― Bernama