KUALA LUMPUR, March 10 ― 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 RM42.461 billion in the conventional system and RM7.785 billion in Islamic funds.  

BNM will conduct a RM4 billion conventional money market tender for seven days, a RM1 billion repo tender for 32 days, a RM1.5 billion repo tender for seven days and a RM1.2 billion Commodity Murabahah Programme tender for 21 days.

At 4pm, BNM will conduct an up to RM35.0 billion in conventional overnight tender and a RM5.1 billion overnight Qard. ― Bernama