Global Economy
Moroccan Banking Liquidity Gap Swells to DH161.4 bn (May 28‑June 4)
The average liquidity shortfall across Moroccan banks rose by 5.2% to DH161.4 bn in the week ending June 4, according to BMCE Capital Global Research. The increase comes as the central bank’s 7‑day advances fell to DH54.8 bn, while daily Treasury placement balances surged to DH23.5 bn. The weighted‑average policy rate held steady at 2.25%, and the MONIA overnight index slipped to 2.192%. Bank Al‑Maghrib is expected to lift its 7‑day advance target to DH55.4 bn in the coming week.
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Liquidity Shortfall Expands
The average banking liquidity deficit in Morocco widened by 5.17% to DH161.4 billion for the week ending June 4, according to BMCE Capital Global Research (BKGR).
Central Bank Advances Decline
Bank Al‑Maghrib’s 7‑day advance facilities fell by DH18.6 billion, reaching DH54.8 billion during the same period.
Treasury Placement Balances Spike
Daily Treasury placement balances jumped to a peak of DH23.5 billion, up from DH1.2 billion just a week earlier.
Key Rate Indicators
- Weighted‑average policy rate (TMP) remained unchanged at 2.25%.
- The MONIA (Moroccan Overnight Index Average) slipped to 2.192%.
Looking Ahead
Bank Al‑Maghrib is expected to raise its 7‑day advance volume to DH55.4 billion in the upcoming week, a modest increase from the current DH54.76 billion.