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Morocco's average bank liquidity deficit drops to 156 billion dirhams
The average bank liquidity deficit in Morocco decreased to around 156 billion dirhams between June 4 and June 11, according to research center "BMC E Capital Global Research." Additionally, Bank Al-Maghrib's 7-day advances increased by 640 million dirhams to 55.4 billion dirhams, while the average interest rate remained steady at 2.25%. Meanwhile, the "Monia" index rose to 2.224%. It is anticipated that Bank Al-Maghrib will reduce the pace of its interventions in the monetary market in the coming period.
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