FINANCIAL MARKET HEADLINES
| MOROCCO | TGCC | NIGS up 4% in 2022, DPS raised to MAD 6
| MOROCCO | TIMAR | NIGS up 2% in 2022
| MOROCCO | MED PAPER | Net income down 22% in 2022
ECONOMIC HEADLINES
| CEMAC | KEY RATE | The BEAC raises its key rates by 50 BPS
Following its monetary policy’s meeting, held on March 27th 2023, the Bank of Central African States (BEAC) decided to raise the interest rate for tenders (TIAO) from 4.50% to 5.00% and the rate of the marginal lending facility from 6.25% to 6.75%. In addition, the institution decided to keep unchanged the rate of the deposit facility at 0.00% as well as the minimum reserve coefficients at 7.00% on due on demand and 4.50% on term payable.
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