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, according to Attijari Global Research (AGR).
In its recent note “Weekly Hebdo Rates -Fixed Income”, relating to the week running from August 12 to 18, the subsidiary of Attijariwafa Bank underlines that the Treasury has slightly raised the level of average investments of its cash surpluses on the money market of about 1 billion dirhams in one week.
Indeed, investments with repurchase agreement and blank reached 6.4 billion dirhams against 5.6 billion dirhams a week earlier, specifies the same source.
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.
SL (with MAP)