KUALA LUMPUR, Jan 6 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) intervention in the financial system to absorb excess liquidity.                                  

The liquidity surplus in the conventional system fell to RM27.552 billion from RM41.601 billion estimated in the morning, while in the Islamic system, it declined to RM3.74 billion from RM10.384 billion earlier.

In the morning, the central bank called for three repo tenders, four Al-Wadiah tenders, as well as, a range maturity auction programme.

BNM also called for a late conventional money market tender worth RM27.5 billion and a RM3.7 billion Al-Wadiah money market tender, both for one-day money.                            

The overnight rate stood at 2.93 per cent while the one-, two- and three-week rates stood at 2.98 per cent, 3.02 per cent and 3.06 per cent, respectively. — Bernama