KUALA LUMPUR, Feb 29 ― Short-term interbank rates are likely to remain stable today on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system.

The central bank estimated today's liquidity at RM41.66 billion in the conventional system and RM18.02 billion in Islamic funds.

BNM will conduct a conventional money market tender comprising RM4.5 billion for seven days and a RM3.35 billion Qard tender for seven days to 14 days.

It will also conduct a RM1.6 billion commodity murabahah programme for seven days and a repo tender of RM1 billion for 31 days.

At 4pm, BNM will conduct an up to RM34.0 billion in conventional overnight tender and a RM13.0 billion overnight Qard. ― Bernama