the bank liquidity deficit at 83.48 billion dirhams

The bank liquidity deficit stabilized at 83.48 billion dirhams (MMDH) on average weekly during the week of June 2 to 8, according to BMCE Capital Global Research (BKGR).

This development takes into account the drop in 7-day advances to 36.19 billion dirhams, specifies BKGR in its recent “Fixed income weekly” note.

Concerning Treasury investments, the latter are up slightly as indicated by the maximum daily outstanding amount of 6.7 billion dirhams as of June 7, against 6.02 billion dirhams a week earlier.

Finally, the weighted average rate (TMP) is still stabilizing at 1.5%, while the MONIA index (Editor’s note, Moroccan Overnight Index Average: overnight benchmark monetary index, calculated on the basis of repo transactions having Treasury bonds as collateral) was down at 1.434% against 1.438% at the end of the previous week.

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