Significant Decline in Banking Liquidity Deficit
The latest report from PMCE Capital Global Research (BKGR) indicates a noteworthy decrease in the average banking liquidity deficit, which has fallen by 2.6%, reaching a total of 137 billion dirhams during the period from February 26 to March 5, 2026. This reduction in deficit is significant as it reflects broader trends in the financial landscape within Morocco.
According to the report titled "Fixed Income Weekly," this decline coincides with a drop in the Bank of Morocco’s seven-day advances, which decreased by 1.2 billion dirhams, settling at 52.6 billion dirhams. Additionally, treasury deposits have also seen a decline, with a maximum daily average recorded at 7.3 billion dirhams compared to 8.1 billion dirhams in the previous week. These figures highlight a tightening in liquidity conditions that could influence various economic activities.
Moreover, the average interest rate has remained stable at 2.25%, while the Moroccan Monetary Indicator (Monia) has seen a decrease, now standing at 2.194%. This shift in monetary indicators reflects the current monetary policy stance and the ongoing adjustments being made by the Bank of Morocco to stabilize the financial environment.
Looking ahead, it is anticipated that the Bank of Morocco will intensify its interventions in the money market, with expectations that the volume of seven-day advances will stabilize at around 56.4 billion dirhams. Such measures are crucial to maintaining liquidity in the banking sector and supporting the overall economy.
As reported by thevoice.ma.
