MONEY MARKET

SHORT-TERM interbank rates ended stable yesterday on Bank Negara Malaysia’s intervention to absorb excess liquidity from the financial system.

The liquidity surplus in the conventional system declined to RM25.29 billion from RM37.79 billion in the morning, while in the Islamic system, it fell to RM6.90 billion from RM9.16 billion previously.

Earlier, BNM conducted three Qard tenders, a range maturity auction, a Commodity Murabahah Programme and a repo tender.