Global Economy
Moroccan Banking Liquidity Gap Narrows to DH147.2bn in Week Ending June 25, 2026
The average liquidity shortfall among Moroccan banks fell by 5.97% to DH147.2 billion for the period 18‑25 June, according to BMCE Capital Global Research. Bank Al‑Maghrib’s 7‑day advances rose to DH53.9 billion, while Treasury‑backed placements slipped to a daily peak of DH24.9 billion. The weighted average rate remained at 2.25% and the MONIA index eased to 2.139%. The central bank is expected to increase its money‑market interventions in the coming week, targeting DH61.6 billion in 7‑day advances.
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Liquidity Gap Shrinks
The average liquidity deficit for Moroccan banks decreased by 5.97% to DH147.2 billion during the week of 18‑25 June, as reported by BMCE Capital Global Research (BKGR).
This contraction coincides with a rise in Bank Al‑Maghrib’s 7‑day advances, which climbed by DH10.11 billion to reach DH53.9 billion, according to BKGR’s recent “Fixed Income Weekly” note.
At the same time, Treasury‑backed placements fell, with the daily maximum balance dropping to DH24.9 billion from DH33.4 billion a week earlier.
The weighted average rate (TMP) held steady at 2.25%, while the Moroccan Overnight Index Average (MONIA) slipped to 2.139%.
Looking ahead, the central bank is expected to boost its activity in the money market, targeting DH61.6 billion in 7‑day advances for the next reporting period.