Attijari Global Research (AGR) reported that the money market maintained its equilibrium during the period from February 12 to 18, 2021, thanks in particular to the intervention of Bank Al-Maghrib (BAM) and the dynamism of investments of surpluses of treasury treasury.
In its weekly note “Weekly Hebdo Rates – Fixed Income”, AGR specified that the average outstanding amount of blank injections and repurchase agreements from the Treasury accelerated its growth thanks to the comfortable situation of the State’s public finances. , on the sidelines of the Treasury’s last international exit.
He added that this outstanding amount thus stood at 38.3 billion dirhams (billion dirhams) against 34.6 billion dirhams a week earlier, noting that interbank rates have evolved in line with the key rate at 1.50% , and MONIA (Moroccan Overnight Index Average) rates hovered around 1.41%, down 1 basis point over the week.
As for BAM’s calls for tenders, the issuing body continues to satisfy 100% of the banking demand. Weekly injections through 7-day advances increased to MAD 28 billion from MAD 24.6 billion last week.
The Central Bank intervened in the monetary circuit to the tune of MAD 44.2 billion via repurchase agreements, guaranteed loans and foreign exchange swaps.