FINANCIAL INVESTORS’ EXPECTATCIONS TOWARDS THE KEY RATE OVER-H2-20
In our survey conducted in September, we identified investors' expectations regarding the evolution of the Moroccan central bank key rate in H2-20. Recall that this survey was carried out among a sample of 34 investors regarded as the most influential within the Moroccan stock market.
At the end of this exercise, the consensus of financial investors in Morocco emerges in favour of the key rate’s stability during H2-20.
In more detail, 66% of surveyed investors anticipate a stability of the key rate in H2-20. Conversely, 34% forecast a further decrease in the key rate by the end of 2020.
FINANCIAL INVESTORS’ EXPECTATIONS REGARDING KEY RATE IN H2-20
Following the analysis of responses by the two main categories of investors, namely local Institutional and Reference Actors(1), we come out with the following findings:
- 75% of Institutional investors surveyed do not anticipate a change in the Moroccan central bank key rate in H2-20 against 25% who expect an additional decrease;
- 56% of Reference Actors surveyed do not forecast a change in the key rate in H2-20 against 44% who expect a further decrease.
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