According to forecasts by Attijari Global Research (AGR), Bank Al Maghrib (BAM) should maintain, during its Board meeting scheduled for September 28, the key rate unchanged at 1.5%. The subsidiary of Attijariwafa Bank thus expects a status quo.

In its latest “Hebdo Rates” note, the subsidiary of Attijariwafa Bank indicates that the penultimate auction session of September 2021 was characterized by a virtual stagnation in the rates of the primary bond curve awaiting the 3rd BAM monetary policy meeting. AGR's scenario remains in favor of a status quo of the key rate during the 4th Quarter of 2021”. Regarding the characteristics of this auction session, the Treasury's subscription stood at 3.5 billion dirhams (MMDH) in the face of investor demand of 7.2 billion dirhams, i.e. a satisfaction rate of 49%, underlines the research company, adding that the cumulative fundraising to date for the month of September amounted to 8 billion dirhams against a financing requirement announced at the beginning of the month of 10.5 billion dirhams. Thus, the remainder to be financed during the next session is 2.5 billion dirhams.