KUALA LUMPUR, Dec 7 — 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 RM41.86 billion in the conventional system and RM20.12 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM5 billion for seven days, a Qard of RM4 billion for seven days and a repo tender of RM500 million for 31 days.

A commodity murabahah programme of RM3.55 billion for seven days will also be called.

At 4pm, BNM will conduct up to RM33 billion in conventional overnight tender and a RM12.6 billion overnight Qard. — Bernama