Financial institution Al-Maghrib (BAM) continues its restrictive coverage, prioritizing sustaining value stability, Attijari International Analysis reveals in its newest be aware, “Weekly Charges Hebdo – Fastened Earnings.”

“Within the context of accelerating inflation in Morocco to 30-year highs, i.e. 8.3% in November 2022, BAM continues its restrictive coverage, giving precedence to sustaining value stability”highlights AGR in its be aware protecting the interval from December 16 to 22.

On the finish of its final financial coverage assembly in 2022, BAM raised its key charge (TD) by +50 PBS to 2.50%, according to market consensus, the identical supply remembers, noting that the establishment elevated its development and inflation . forecasts for 2022 to 1.1% and 6.6%, respectively.

This week, BAM will increase its interventions by means of fundamental operations by 5.1 billion dirhams (MMDH) in a single week to 109 billion dirhams. Certainly, 7-day advances rose from AED 7.3 billion to AED 63.7 billion.

For its half, assured loans decreased from AED 1.7 billion to AED 23.8 billion after the expiry of three traces price greater than AED 10 billion and the creation of two new traces totaling AED 8.5 billion.

On this surroundings, interbank charges rose on the finish of the week according to the brand new TDs, with Monia charges rising from 1.91% to 2.14% for the week.

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