FINANCIAL MARKET HEADLINES
| MOROCCO | MARSA MAROC | NIGS up 49% in H1 2022
| MOROCCO | SBM | NIGS up 2% in H1 2022
| MOROCCO | SOTHEMA | NIGS up 21% in H1 2022
| MOROCCO | INVOLYS | Net income up 41% in H1 2022
ECONOMIC HEADLINES
| MOROCCO | KEY RATE | BAM raises its key rate by 50 BPS
The Board of Bank Al-Maghrib, held on Tuesday September 27th 2022, decided to raise the key rate by 50 BPS to 2.0%. In addition, BAM review downwards its growth forecasts for the year 2022 from 1.0% to 0.8%. In 2023, the Central Bank forecasts a growth rate of 3.6%.
| CEMAC | KEY RATE | The BEAC raises its key rates by 50 BPS
The Bank of Central African States (BEAC) has decided to raise the interest rate for tenders (TIAO) from 4.00% to 4.50% and the rate of the marginal lending facility from 5.75% to 6.25%. In addition, the institution has 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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