The bank liquidity deficit eased by -2.69%, settling at -69.0 billion dirhams (MMDH) on a weekly average during the week of March 17 to 23, according to BMCE Capital Global Research (BKGR).
“The bank liquidity deficit eased by -2.69%, settling at -69.0 billion dirhams on average weekly at a time when 7-day advances from the Central Bank stabilized at 34 billion dirhams, once morest 34.5 billion dirhams. MMDH a week earlier,” says BKGR in its recent “Fixed income weekly” note.
For their part, Treasury investments fell for the second consecutive week, from 10.6 billion dirhams to 7.1 billion dirhams, BKGR notes, adding that the weighted average rate (TMP) is stable at 1.50% while the MONIA stands at 1.441%.
In terms of prospects, BKGR estimates that over the next period, Bank Al-Maghrib should increase its intervention in the money market with the injection of 36.7 billion dirhams in the form of 7-day advances once morest 34.0 billion dirhams the week. former.
