KUALA LUMPUR, Dec 17 ― 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 RM46.26 billion in the conventional system and RM15.74 billion in Islamic funds.

The central bank will conduct two conventional money market tenders of RM3 billion for four days and RM5 billion for 11 days, respectively, as well as two repo tenders of RM700 million and RM1.5 billion for 32 days and 47 days, respectively.

It will also conduct a Qard tender of RM3.9 billion for six days and a commodity murabahah programme of RM2 billion for six days.

At 4pm, BNM will conduct up to RM33.5 billion in conventional overnight tender and a RM10 billion overnight Qard. ― Bernama