EXECUTIVE SUMMARY
FINANCIAL INVESTORS’ EXPECTATIONS TOWARDS BANK AL-MAGHRIB'S KEY RATE
During our survey conducted in June, we identified investors' expectations regarding the evolution of the Moroccan central bank’s key rate during its 2nd monetary policy meeting scheduled for June 20th, 2023. Recall that this survey was carried out among a sample of 35 investors considered among the most influential of the Moroccan stock market.
At the end of this exercise, investor consensus pleads for an increase of +25 BPS in Bank Al-Maghrib's key rate.
Following the analysis of answers obtained, the probability of an increase of +25 BPS in the key rate is 67% against a probability of 8% for a rise of +50 BPS. Moreover, the probability of the status quo stands at 25%.
Read More
