Bank of Morocco Reports Liquidity Rise and Loan Rate Drop

The monthly report from Bank of Morocco revealed that the monetary and financial landscape of the kingdom experienced positive shifts in June 2026. Bank liquidity saw a significant rebound, reducing the need for central support and increasing funding for the productive sector. The average banking liquidity requirement decreased to 127.3 billion dirhams from 146.6 billion in the previous month, leading to a reduction in central bank interventions to 152.4 billion dirhams. The interbank interest rate remained steady at 2.25%, while lending interest rates declined, with the overall rate dropping to 4.66%, largely driven by non-financial corporations, for which the interest rate fell to 4.54%, especially for equipment and treasury loans. Conversely, interest rates for individuals increased to 5.74% due to higher costs on accounts and loans, while mortgage loans remained stable and consumer credit decreased. Additionally, the government bond market showed a decrease in primary market interest rates, while the secondary market experienced rising yields in medium and long-term maturities, maintaining a disciplined and well-regulated market through successful monetary policy measures that promote stability and stimulate investment.

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