KUALA LUMPUR, March 11 ― 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 RM40.27 billion in the conventional system and RM7.81 billion in Islamic funds.  

BNM will conduct a RM3 billion conventional money market tender for seven days, a RM1 billion repo tender for 45 days and a RM700 million Commodity Murabahah Programme tender for 21 days.

It will also conduct two Qard tenders of RM2.1 billion for seven days and RM600 million for 14 days.

At 4pm, BNM will conduct up to RM33.0 billion in conventional overnight tender and a RM4.4 billion overnight Qard. ― Bernama