KUALA LUMPUR, Dec 26 — Short-term interbank rates ended steady today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

The liquidity surplus in the conventional system slipped to RM22.14 billion against RM28.97 billion estimated earlier, while in the Islamic system, the excess declined to RM7.6 billion from RM15.39 billion.

The central bank conducted a late conventional money market tender for RM22.2 billion and a RM7.6 billion Al-Wadiah money market tender, both for three-day monies.

The overnight Islamic reference rate stood at 3.22 per cent, while the one-, two- and three-week rates stood at 3.28 per cent, 3.32 per cent and 3.35 per cent, respectively.

The local market was closed yesterday for Christmas. — Bernama