EXECUTIVE SUMMARY
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. 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 is almost unanimous regarding a status quo in the Key rate of the Moroccan Central Bank.
Following the analysis of answers obtained, the probability of a status quo in the Key rate is 98% against a probability of 2% for a decrease of -25 BPS in the Key rate. Moreover, the probability of an increase in the Key rate is zero.
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