Up 8.1% compared to the same period in 2021, thehe official reserve assets continue to be at their all-time high, i.e. 333.4 billion dirhams (MMDH) at the end of February 2022, according to Attijari Global Research (AGR).
Since the start of 2022, official reserve assets have increased by 0.8%, AGR reported in its recent note “Weekly Hebdo Rates – Fixed Income”, relating to the week running from March 04 to March 10. .
For its part, the Treasury continues a downward pace in the placement of its cash surpluses, indicates the research company, adding that following having reduced it by 5.7 billion dirhams last week, the average outstanding balance of investments with repo and unsecured fell from 2.2 billion dirhams to 9.3 billion dirhams.
As its 1st monetary policy meeting approaches, Bank Al-Maghrib continues to regulate the money market through its liquidity injections in order to maintain interbank rates at the level of the Key Rate, notes the same source, which notes that the MONIA index fell by one basis point compared to last week, to 1.42%.
BAM thus satisfies all banking demand by reducing its interventions by 1.8 billion dirhams through its 7-day advances. These amounted to 34.5 billion dirhams at the end of this week. Long-term transactions, in particular repos and guaranteed loans, remained stable at 42.1 billion dirhams.
M.B.
