KUALA LUMPUR, Dec 23 ― 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 RM49.29 billion in the conventional system and RM18.22 billion in Islamic funds.

The central bank will conduct conventional money market tenders of RM3 billion for eight days and RM6 billion for 12 days, as well as a RM1 billion repo tender for 34 days.

It will also conduct a RM3.4 billion Qard tender for seven days and a RM2 billion Commodity Murabahah Programme for eight days.

At 4pm, BNM will conduct up to RM34.5 billion in conventional overnight tender and a RM10.9 billion Qard. ― Bernama