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Key Rate - March 2024

For the 4th consecutive time, Bank Al-Maghrib decides to keep its Key Rate unchanged at 3% during its first monetary policy committee in 2024. The institution had abandoned its restrictive monetary policy, after three cumulative increases of +150 BPS of its Key Rate since September 2022.    

Mad_weekly

MAD Insights March 22nd, 2024

The Dirham appreciated against the Dollar this week to 10.05 against 10.03 the previous week, a variation of +0.17%. This latter is mainly explained by a positive basket effect which stands at +0.27% following the appreciation of the Dollar this week. The market effect, for its part, comes out negative at -0.10% in favor of the Dirham.

Mad_weekly

MAD Insights March 18th, 2024

The Dollar depreciates against the Dirham this week to 10.03 against 10.09 the previous week, a variation of -0.60%. This evolution is mainly explained by a negative basket effect which stands at -0.70% following the depreciation of the Dollar against the Euro this week. [...]

STRATEGY

Morocco Key Rate Expectations - March 2024

During our recent survey, we identified investors' expectations regarding the evolution of the Moroccan Central Bank Key rate during its first monetary policy meeting scheduled for March 19th, 2024

Mad_weekly

MAD Insights march 8th, 2024

The Dollar appreciates against the Dirham this week to 10.09 against 10.04 the previous week, a variation of +0.50%. This evolution is explained by a double positive effect.

EQUITY MARS 24

Q4-23 Listed companies results

In 2023, listed companies operated in an economic context marked by an average inflation rate of 6.1%, compared with 6.6% a year earlier. This easing of inflationary pressures was reflected in the growth in the market’s revenue, which broke with the high levels observed during the 2021-2022 period.

Mad_weekly

MAD Insights February 29th, 2024

The Dollar depreciates against the Dirham this week to 10.04 against 10.07 the previous week, a variation of -0.26%. This evolution is explained by a negative basket effect of -0.34% after the depreciation of the Dollar this week. The liquidity effect, for its part, came out positive to +0.08% to the disadvantage of the Dirham.

Mad_weekly

MAD Insights February 23th, 2024

The Dollar appreciates against the Dirham this week to 10.07 against 10.04 the previous week, a variation of +0.34%. This evolution is explained by a double positive effect.

Mad_weekly

MAD Insights February 15th, 2024

The Dollar appreciates against the Dirham this week to 10.04 after 10.01 the previous week, a variation of +0.23%. This evolution is explained by a basket effect of +0.37% following the strengthening of the Dollar. The liquidity effect, for its part, stands at -0.14% in favor of the Dirham.