KUALA LUMPUR: Short-term rates are expected to remain steady today on Bank Negara Malaysia's (BNM) operations to absorb surplus liquidity from the financial system.

Liquidity is estimated at RM37.64 billion in the conventional system and RM16.29 billion in Islamic funds.

The central bank will conduct three RM1 billion conventional money market tenders for seven, 14 and 21 days, respectively, as well as a RM5 billion Islamic range maturity auction (iRMA) Qard tender for seven to 31 days.

It will also call for a RM500 million Commodity Murabahah Programme (CMP) tender for 63 days.

BNM also announced the availability of reverse repo, sale and buy-back agreement, and collateralised commodity Murabahah facilities for tenors of one to three months.

At 4 pm, BNM will conduct up to RM33.6 billion conventional overnight tender and RM15.3 billion for Murabahah overnight tender.

-- BERNAMA