Banks: Liquidity Deficit Worsens by 6.15% from November 13 to 19

The liquidity deficit in Moroccan banks has deepened by 6.15% during the week of November 13 to 19. This change coincides with a rise in the 7-day advances from Bank Al-Maghrib (BAM), which increased by 7.6 billion dirhams, reaching a total of 68.7 billion dirhams, as noted in BKGR's weekly report "Fixed Income Weekly." In contrast, Treasury placements have weakened, with a maximum daily outstanding amount of 10.3 billion dirhams, down from 15 billion dirhams the previous week. The average weighted rate has stabilized at 2.25%, while the Moroccan Overnight Index Average (MONIA) has decreased to 2.239%. In the upcoming period, BAM is expected to slightly increase the pace of its interventions in the money market, setting the volume of its 7-day advances at 69.5 billion dirhams.