KUALA LUMPUR, Feb 12 ― 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 RM39.33 billion in the conventional system and RM16.24 billion in Islamic funds.

The central bank will conduct a RM7 billion range maturity auction market tender for 10 days to 31 days and a RM2.3 billion conventional money market tender for seven days.

It will also conduct an Islamic range maturity auction Qard tender of RM5.6 billion for seven days to 14 days and a reverse repo tender of RM240 million for 31 days.

At 4pm, BNM will conduct up to RM31 billion in conventional overnight tender and a RM8.7 billion overnight Qard. ― Bernama