KUALA LUMPUR, Oct 6 — Short-term rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) intervention to mop up excess liquidity from the financial system.

BNM estimated today’s liquidity at RM36.29 billion in the conventional system and RM11.12 billion in Islamic funds.

BNM will call for a RM9 billion money market range maturity auction for 4-94 days as well as four Qard tenders — RM1.2 billion for seven days, RM900 million for 14 days, RM500 million for 21 days and RM800 million for 31 days.

At 4pm, BNM will conduct up to RM27.3 billion in conventional overnight tenders  and a RM7.8 billion Qard overnight tender. — Bernama