KUALA LUMPUR, April 14 ― Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb surplus liquidity from the financial system.

The central bank estimated today's liquidity at RM27.83 billion in the conventional system and RM12.62 billion in Islamic funds.

BNM will conduct two conventional money market tenders worth RM1.5 billion for seven days and RM500 million for 46 days, a RM5.6 billion Qard tender for four days to 21 days, and a RM1 billion repo tender for 32 days.

At 4pm, BNM will conduct up to RM24 billion in conventional overnight tender and a RM6.8 billion overnight Qard. ― Bernama