KUALA LUMPUR, Feb 16 — Short-term inter-bank 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 fell to RM33.17 billion from RM34.93 billion earlier, while in the Islamic system, it eased to RM7.14 billion from RM10.86 billion.

In the morning, BNM called for four tenders, one each of conventional money market, reverse repo, Qard and a commodity murabahah programme.

The central bank conducted a late conventional money market tender for RM32 billion and a Qard money market tender for RM7.0 billion, both for one-day money.

The overnight Islamic reference rate stood at 3.21 per cent while the one-, two- and three-week rates were pegged at 3.30 per cent, 3.35 per cent and 3.39 per cent, respectively. — Bernama