FIXED INCOME

Key Rate Dec 2022

Following the inflationary surge in Morocco which reached a 30-year high, i.e. above 8.0% in October, the institution is continuing its restrictive policy by prioritizing the support of price stability.

STRATEGY

Morocco Key Rate Expectations - Dec. 22

During our survey conducted in December, we identified investors' expectations regarding the evolution of the Moroccan central bank key rate during its 4th and last monetary policy meeting in 2022.

AGR Confidence Index - Morocco

AGR Confidence Index - Morocco

In a tense international context, marked by continued inflationary pressures and the downward revision of economic growth forecasts, we are witnessing a significant deterioration in investor confidence toward the Equity market.

EQUITY

Listed companies - H1-22 Results

The release of H1-22 results of listed companies comes amid an unprecedented context marked by an acceleration of inflation at local and international level.

FIXED INCOME

Key Rate- September 2022

On the sidelines of its 3rd monetary policy meeting in 2022, Bank Al-Maghrib decides to raise its Key Rate by +50 BPS to 2.0% for the 1st time since 2008.

RESEARCH PAPER EQUITY

Research Paper - Cosumar H1-22

At the end of the 1st half of 2022, Cosumar recorded an increase in its consolidated revenue of +16% to MAD 5,076 Mn, driven mainly by the Export activity.

sondage_taux

Morocco Key Rate Expectations - June. 22

During our survey conducted in June, we identified investors' expectations regarding the evolution of the Moroccan central bank key rate during its 2nd monetary policy meeting in Q2-22.

AGR Indice de Confiance-Maroc

AGR Confidence Index - Morocco

At the end of this 20th edition, the investors' perception toward the Equity market over the coming 3 months has shifted from the "Assurance" phase to the "Wait and See" phase.

Best of CIB Meetings – Transition IBOR

IBOR Transition: challenges and impacts in Morocco and internationally