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Morocco's banking liquidity drops over 155 billion dirhams
Data reveals that Morocco's bank liquidity deficit exceeded 155 billion dirhams up to early October, marking an increase of 10.1% between September 30 and October 7. This was highlighted in a report by the research center "BMC E Capital Global Research," which noted a decrease in Bank Al-Maghrib's 7-day advances by 4 billion dirhams to settle at 59.7 billion dirhams. Meanwhile, treasury deposits experienced a significant rise, reaching a peak of 19.3 billion dirhams compared to 4.5 billion dirhams the previous week. The weighted average interest rate remained stable at 2.25%, while the "Monia" index declined to 2.118%. It is expected that Bank Al-Maghrib will reduce the pace of its interventions in the monetary market, setting its advances at 52.6 billion dirhams in the upcoming period.
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