HIBAPRESS
The average banking liquidity deficit recorded a decline of 1.73% to reach 142.1 billion dirhams during the period from October 29th to November 5th, 2025, according to the research center "BMCE Capital Global Research" (BKGR).
The center's weekly memorandum "Fixed Income Weekly" explained that this decrease is mainly due to the decline in Bank Al-Maghrib's 7-day advances by 6.06 billion dirhams, settling at 66.5 billion dirhams. In contrast, Treasury placements increased to record a maximum daily balance of 15 billion dirhams, compared to 13.9 billion dirhams during the previous period. The weighted average interest rate remained stable at 2.25%, while the "Mounia" index (the monetary reference index for daily measurement based on repurchase transactions with treasury bond guarantees) also rose to 2.25%. During the coming period, Bank Al-Maghrib is expected to slightly reduce the pace of its intervention in the money market, setting the volume of its seven-day advances at 61.13 billion dirhams.
