The banking market in Morocco has recorded a new increase in the average liquidity deficit, reaching approximately 140.1 billion dirhams during the period from October 2 to October 8, 2025, marking a rise of 4.44 percent compared to the previous week, according to a report from the research center “BMCE Capital Global Research.”
The center explained in its weekly note on monetary market developments, “Fixed Income Weekly,” that this increase was accompanied by a noticeable rise in advances from Bank Al-Maghrib for seven days, which increased by 11.7 billion dirhams to reach 66.6 billion dirhams.
Conversely, treasury investments experienced heightened activity, with the maximum daily balance reaching 18.4 billion dirhams, compared to 15.4 billion dirhams in the previous week, reflecting the continued dynamics of financial movements between the banking and public sectors.
Regarding benchmark indicators, the average weighted interest rate in the banking market stabilized at 2.25 percent, while the “Monia” index, which measures the daily interest rate for transactions secured by treasury bonds, declined to 2.173 percent.
Looking ahead, the research center anticipates that Bank Al-Maghrib will tend toward reducing its interventions in the monetary market in the coming weeks, with the possibility of weekly advances decreasing to around 56 billion dirhams, amid a relative stability in liquidity and a gradual move towards market equilibrium.
