KUALA LUMPUR, Aug 18 ― Short-term interbank rates closed stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.

The liquidity surplus in the conventional system eased to RM21.06 billion from RM22.04 billion earlier, while in the Islamic system, it declined to RM4.93 billion from RM11.90 billion previously.

Earlier today, the central bank conducted three conventional money market tenders and three Qard tenders.

The central bank also conducted a conventional money market tender for RM19.0 billion and a RM4.9 billion Qard, both for one-day money.

The overnight Islamic reference rate stood at 2.95 per cent, while the one-, two- and three-week rates stood at 3.01 per cent, 3.06 per cent and 3.10 per cent, respectively. ― Bernama