KUALA LUMPUR, May 27 — Short-term interbank rates ended on a stable note today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.             

The liquidity surplus in the conventional system eased to RM27.89 billion from RM29.77 billion earlier, while in the Islamic system, it fell to RM4.13 billion from RM8.98 billion.         

In the morning, BNM called for a Conventional Money Market, a repo, reverse repo tender, Al-Wadiah and Commodity Murabahah Programme tenders.                   

The central bank also conducted a late conventional money market tender for RM26.3 billion and a RM4.1 billion Al-Wadiah money market tender, both for one-day money.                            

The overnight Islamic reference rate stood at 3.21 per cent, while the one-week, two and three-week rates stood at 3.27 per cent, 3.32 per cent and 3.35 per cent, respectively. — Bernama