Attijari Global Research (AGR) reported that the bank liquidity deficit increased last July to 94.2 billion dirhams (MMDH), a widening of 13.2 billion dirhams compared to the same period in 2021.
The subsidiary of Attijariwafa Bank also underlined in its recent note “Weekly Hebdo Rate – Fixed Income”, relating to the week running from August 12 to 18, that the Treasury slightly raised the level of average investments of its cash surpluses on the money market by regarding 1 billion dirhams in one week.
And to specify that investments with repurchase agreement and blank reached 6.4 billion dirhams once morest 5.6 billion dirhams a week earlier.
At the end of this week, the interbank market remains balanced with interbank rates in line with the Key Rate, AGR said, adding that the MONIA index recorded, however, a decline of 2 basis points (Pbs) in one week at 1.42%. This reached its lowest level for 6 months at 1.40%.
In addition, AGR points out that BAM, playing its role as regulator, slightly reduced its interventions this week through its main operations from 190 million dirhams (MDH) to 39.5 billion dirhams.
Moreover, its long-term interventions, in the form of guaranteed loans and delivered repos, stabilized at the same level as last week.
