Bank credit growth is accelerating
On a monthly basis, the money supply, designated by the M3 aggregate, recorded a decline of 0.4% to return to 1,573.8 billion dirhams. This development mainly reflects a 1.1% drop in demand deposits with banks and a 2.1% drop in term accounts, as well as a 2.2% increase in fiduciary money, explains BAM, which has … Read more