The Treasury has increased its placements, both blank and with repurchase agreements, to 14 billion dirhams (MMDH), marking a substantial rise of 11.7 MMDH during the week of June 28 to July 4, according to Attijari Global Research (AGR).

Additionally, the Central Bank is actively intervening in the money market through both short-term and long-term operations, amounting to 141.6 MMDH, up from 137.7 MMDH the previous week, as highlighted in AGR’s latest “Weekly Hebdo Taux – Fixed Income” report.

Seven-day advances have risen by 4.3 MMDH to 57.2 MMDH, meeting the entire banking sector’s demand. As for long-term injections, repurchase agreements and guaranteed loans have remained stable at 84.4 MMDH for the 11th consecutive week.

In this context, interbank rates are aligning with the key rate at 2.75%, while MONIA rates have seen a significant drop of 14 basis points (bps) over the week, settling at 2.73%.