The average bank liquidity deficit widened by 3.90% to 148.72 billion dirhams (billion dirhams) during the period from September 25 to October 2, according to data published by BMCE Capital Global Research (BKGR).
In this context, Bank Al-Maghrib intensified its seven (7) day advances, increasing by 1.2 billion dirhams to reach a total of 65.67 billion dirhams. This intervention aims to stabilize the money market in response to the widening liquidity deficit.
Read also｜ Bond market: the Treasury raises 600 MDH
At the same time, Treasury investments recorded a decline, with a maximum daily outstanding amount of MAD 15 billion, compared to MAD 19.6 billion during the previous period. This decline reflects a decline in cash surplus deposits, an important indicator of the financial health of the public sector.
Concerning rates, the weighted average rate (TMP) stabilized at 2.75%, while the MONIA (Moroccan Overnight Index Average), the benchmark monetary index for short-term transactions, rose to 2.725%. These figures reveal relative stability of rates despite the widening liquidity deficit. These data reflect a complex situation for Moroccan banks, which must face a current liquidity environment.
