The liquidity deficit in Moroccan banks decreased to 124 billion dirhams in the week from June 12 to 18, reflecting a reduction of 2.18%, according to a weekly report by the research center “BMCE Capital Global Research” regarding fixed income.
During this period, advances from Bank Al-Maghrib for seven days decreased by 3.3 billion dirhams, reaching 48.6 billion dirhams. In contrast, treasury investments saw an increase, with daily registrations peaking at 12.9 billion dirhams, compared to 10.9 billion dirhams in the previous period.
The average weighted price in the money market remained stable at 2.25%, while the reference “MONIA” index saw a slight decline to 2.205%. This index measures the average prices of daily repurchase transactions secured against treasury bonds.
Bank Al-Maghrib is expected to maintain its current level of intervention in the market in the coming period, with projected advances for seven days estimated around 48.46 billion dirhams, as mentioned in the report.
