KUALA LUMPUR, Dec 18 ― 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 RM40.71 billion in the conventional system and RM17.57 billion in Islamic funds.

The central bank will conduct a conventional money market tender of RM3 billion for 11 days and a RM1 billion repo tender for 31 days.

It will also conduct a Qard tender of RM3.5 billion for 10 days and a commodity murabahah programme of RM2.8 billion for 10 days.

At 4pm, BNM will conduct up to RM34 billion in conventional overnight tender and a RM11.8 billion overnight Qard. ― Bernama