The average liquidity deficit of the banking transactions rose from January 30th to February 5th to 136.1 billion dirhams (MMDH), according to a note published by BMCE Capital Global Research (BKGR). This relief comes at a time when the central bank increased the progress by 4.61 billion dirhams to 59.7 mmdh.
At the same time, the treasure investments recorded a decline with a maximum daily evaluation of 12.2 mmdh compared to 17.3 mmdh during the previous period. The weighted average rate (TMP) remains stable at 2.501%, during the reference monetary index, the Monia, is set to 2.49%.
BKGR’s note also shows that Bank Al Maghrib should increase the volume of its interventions on the money market in the next period. The 7 -day advances of the central bank should therefore increase to 64.4 mmdh, compared to 59.7 mmdh before.
These developments indicate a more dynamic management of bank liquidity, which aims to maintain the credit on the money market and at the same time offer an appropriate response to short -term financing needs.
M.Ba.
