Stocks Market
Bank Al-Maghrib lifts weekly 7‑day advances to record high of MAD 60.6 bn since the start of 2026
During the week of 30 January‑5 February 2026, Bank Al‑Maghrib (BAM) increased its 7‑day short‑term advance facility to MAD 60.6 billion, the highest level recorded this year. The move came after a brief liquidity strain in the banking system, prompting the central bank to inject over MAD 8 billion in a single week to stabilise inter‑bank rates, which briefly rose to 2.27 %.
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Money market sees highest weekly advances since the year began
During the week of 30 January – 5 February 2026, Bank Al‑Maghrib (BAM) raised its 7‑day lending facility to MAD 60.6 billion, up from just over MAD 10 billion the week before. This marks the highest level recorded since the start of 2026, according to Attijari Global Research (AGR).
AGR notes that a liquidity squeeze at the end of January disrupted the money‑market equilibrium. To ease pressure, the central bank injected more than MAD 8 billion in a single week through 24‑hour advances.
- Inter‑bank rate: The market rate deviated from the policy rate, reaching 2.27 % during the week.
- Total monetary operations: BAM’s overall involvement in the money‑market amounted to MAD 92 billion, comprising repurchase‑agreement deliveries and guaranteed loans.
- Treasury cash balance: The average outstanding amount of Treasury’s “blank‑et‑cash‑in‑advance” injections fell to MAD 6.8 billion, down from MAD 12.9 billion a week earlier, indicating tighter cash conditions.
The data underline a temporary tightening of liquidity in Morocco’s banking system and the central bank’s readiness to use short‑term facilities to stabilise the market.