Morocco Faces 156B Dirham Liquidity Gap
The article discusses the developments in the banking liquidity deficit in Morocco, where the average deficit remained at 155.7 billion MAD from October 7 to 14, recording a slight increase of 0.21%. This comes amid a decline in Bank Al-Maghrib's 7-day advances by 7.1 billion MAD, bringing them down to 52.6 billion MAD, while Treasury investments saw an increase of up to 22.7 billion MAD compared to 19.3 billion MAD the previous week. The benchmark interest rate remained steady at 2.25%, and the "Monia" index rose to 2.2%. It is expected that Bank Al-Maghrib will reduce the pace of its future interventions, setting its advances at 51.8 billion MAD.
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