KUALA LUMPUR, Feb 10 ― Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system.

BNM estimated today's liquidity at RM40.04 billion in the conventional system and RM14.82 billion in Islamic funds.

The central bank will conduct a RM7 billion range maturity auction money market tender for five days to 21 days and a repo of RM500 million for 29 days.

It will also conduct a RM2.5 billion commodity murabahah programme for seven days and Islamic range maturity auction Qard tender of RM3.8 billion, also for seven days.

At 4pm, BNM will conduct an up to RM30 billion in conventional overnight tender and a RM8.5 billion overnight Qard. ― Bernama