Liquidity shortage drops to 138 billion dirhams
Liquidity in banks experienced a slight increase during the period from July 23 to July 30, as the deficit decreased by 3.66% to an average of 138 billion dirhams, according to the BMC Capital Global Research Center. Seven-day repurchase agreements by Bank Al-Maghrib declined by 11.3 billion dirhams, reaching 53.9 billion dirhams, while treasury deposits decreased to 16.5 billion dirhams from 18.2 billion a week earlier. Regarding interest rates, the average rate remained steady at 2.25%, while the "Monia" index rose to 2.234%. It is expected that Bank Al-Maghrib will increase its interventions in the monetary markets while maintaining the volume of repurchase agreements at 53.9 billion dirhams.
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