EXECUTIVE SUMMARY
FINANCIAL INVESTORS’ EXPECTATIONS TOWARDS BANK AL-MAGHRIB'S KEY RATE
During our recent survey, we identified investors' expectations regarding the evolution of the Moroc-can Central Bank Key rate during its 3rd monetary policy meeting scheduled for September 24th, 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, the consensus of financial investors pleads for a decrease of -25 BPS in Bank Al-Maghib’s key rate.
Following the analysis of the different answers, the probability of a decrease of -25 BPS in the key rate is 83% against a probability of 8% for a decrease of -50 BPS in the key rate. Moreover, the prob-ability of the status quo stands at 9%.
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