Banks: the need for liquidity increases in April

Banks: the need for liquidity increases in April
Banks: the need for liquidity increases in April

Banks’ liquidity requirements stood at 118.2 billion DH on a weekly average in April, compared to 113.4 billion DH a month earlier, according to Bank Al-Maghrib (BAM).

Under these conditions, BAM increased the overall volume of its injections to 130 billion DH, including 48.2 billion DH in the form of 7-day advances, 50.9 billion DH through repo operations delivered at 1 and 3 months and 31 billion DH in the context of long-term guaranteed loans, underlines the Bank in its monthly review of the economic, monetary and financial situation.

On the interbank market, the average daily volume of trade reached 2.2 billion DH and the weighted average rate stood at 3% on average, specifies the central bank. Concerning the Treasury bill market, rates fell slightly in April on the primary market and remained stable on the secondary compartment.

As for deposit rates, in March they fell by 27 basis points (bp) to 2.38% for 6-month deposits and by 13 bp to 2.82% for one-year deposits.

Concerning lending rates, the results of the BAM survey of banks relating to the first quarter of 2024 indicate a virtual stability of the overall average rate at 5.4%.


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