The money market maintains its equilibrium

The money market maintained its equilibrium during the period from February 12 to 18, 2021, thanks in particular to the intervention of Bank Al-Maghrib (BAM) and the dynamism of the investments of the treasury’s cash surpluses, indicates Attijari Global Research (AGR ).

The average outstanding amount of blank injections and repurchase agreements from the Treasury accelerated its growth thanks to the comfortable situation of the State’s public finances and this, on the sidelines of the last outflow of the Treasury internationally, specifies AGR in its weekly note “Weekly Hebdo Rate – Fixed Income”. This outstanding amount thus stood at 38.3 billion dirhams (billion dirhams) against 34.6 billion dirhams a week earlier, adds the said note, noting that interbank rates have evolved in line with the key rate at 1.50%, and MONIA (Moroccan Overnight Index Average) rates hovered around 1.41%, down 1 basis point over the week. .

As for BAM calls for tenders, the issuing institution continues to satisfy 100% of the banking demand. Weekly injections through 7-day advances increased to MAD 28 billion from MAD 24.6 billion last week.

The Central Bank intervened in the monetary circuit to the tune of MAD 44.2 billion via repurchase agreements, guaranteed loans and foreign exchange swaps.


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