KUALA LUMPUR, Dec 21 ― 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 RM52.64 billion in the conventional system and RM17.51 billion in Islamic funds.

The central bank will conduct a RM4 billion conventional money market for seven, nine and 10 days each, as well as a RM1 billion repo tender for 31 and 45 days respectively.

It will also conduct a RM2.5 billion Qard tender for seven days and RM1.5 billion Commodity Murabahah Programme for seven and eight days.

At 4pm, BNM will conduct an up to RM36 billion conventional overnight tender and RM12.1 billion overnight Qard. ― Bernama