Morocco’s banking liquidity deficit eased by 7.48 percent to 130.9 billion dirhams between August 28 and September 3, according to BMCE Capital Global Research.
In its latest Fixed Income Weekly, the center noted that Bank Al-Maghrib raised its seven-day advances by 1.77 billion dirhams to 59.05 billion.
Treasury placements declined, with a daily maximum of 13.4 billion dirhams compared to 19.95 billion in the previous week.
The weighted average rate remained at 2.25 percent, while the MONIA index slipped to 2.218 percent. BMCE Capital expects the central bank to reduce its liquidity injections to 56.15 billion dirhams.
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