KUALA LUMPUR, Feb 16 ― 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 RM34.93 billion in the conventional system and RM10.86 billion in Islamic funds.

The central bank will conduct a RM2 billion conventional money market tender for seven days, a RM2 billion Qard tender for seven days, and a commodity murabahah programme worth RM1.8 billion for seven days.

It will also carry out a reverse repo tender of RM500 million for 90 days.                

At 4pm, BNM will conduct up to RM32 billion in conventional overnight tender and a RM7 billion overnight Qard. ― Bernama