Monetary Market: The Banking Liquidity Deficit Widened by 5.19% from October 23 to 29, 2025

The banking liquidity deficit has widened by 5.19% during the period from October 23 to 29, 2025. This change coincides with a decrease in the 7-day advances from Bank Al-Maghrib (BAM), which fell by 3.35 billion dirhams to reach 72.6 billion dirhams, according to BKGR's recent "Fixed Income Weekly" report. In contrast, Treasury placements have increased, with a maximum daily outstanding amount of 13.9 billion dirhams, compared to 10.9 billion dirhams in the previous period. Additionally, the average weighted rate (TMP) has stabilized at 2.25%, while the Moroccan Overnight Index Average (MONIA) has decreased to 2.116%. In the upcoming period, BAM is expected to slightly reduce the pace of its interventions in the monetary market, setting the volume of its 7-day advances at 66.5 billion dirhams, down from 72.56 billion dirhams previously.