According to BMCE Capital Global Research, the banks’ liquidity deficit between 16 and 22 January sank by 8.26 % to 136.8 billion DH thanks to the tax amnesty.
During this period, the 7-day advances of the Bank al-Maghrib decreased by 2.32 billion DH and amounted to 57.4 billion.
The state investments also decreased and increased from a maximum outstanding amount from 29.4 billion to 12.3 billion DH.
The weighted average rate remained constant at 2.5 %, while the Monia dropped to 2.464 %. BKGR expects a decline in BAM interventions on the money market, with the 7-day advances being estimated to 55.1 billion DH.
