Financial investors anticipate stability in the key rate
Hibapress
Financial investors anticipate stability in the key rate of Bank Al-Maghrib (BAM) during its next monetary policy meeting, scheduled for June 25, according to a survey carried out by Attijari Global Research (AGR).
“We note an almost unanimous consensus among investors in Morocco in favor of stability in the key rate of Bank Al-Maghrib,” indicates AGR in its recent “Research report – Strategy”, stressing that this survey was carried out among a sample of 35 investors considered among the most influential in the Moroccan financial market.
Based on the answers obtained, the probability of a status quo of the key rate is 93% compared to 7% for a reduction of 25 basis points (bps), while the probability of an increase in the key rate is zero, specifies the same source. By category of investors, the analysis of the responses obtained reveals that the “Local Institutionals” and the “Reference Players” are unanimous in favor of the scenario of stability of the key rate.
“Foreign Investors”, for their part, grant a probability of 95% for the scenario of a status quo of the key rate compared to a probability of 5% for a reduction of 25 bps.
Likewise, “Individual Persons” grant a probability of 67% for the scenario of maintaining the key rate unchanged compared to a probability of 33% for a reduction of 25 bps.
