Moroccan banks’ liquidity needs averaged MAD 128.9 billion (about 12.9 billion USD) in November, nearly unchanged from MAD 128.1 billion in October, official data show.
Liquidity injections by Bank Al-Maghrib (BAM), Morocco’s Central Bank, remained broadly stable at a weekly average of MAD 142.5 billion. BAM’s support mainly included seven-day advances totaling MAD 67.6 billion, one- and three-month repurchase agreements of MAD 42.3 billion, and secured loans of MAD 32.7 billion to back very small, small, and medium-sized enterprises.
Interbank trading volumes fell 4.7% from the previous month to an average of MAD 4.3 billion in November. The weighted average overnight interbank rate held steady at 2.25%, in line with the benchmark policy rate.
Bank Al-Maghrib kept its benchmark interest rate unchanged at 2.25% at its December 16 meeting.
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