Morocco's central bank said on Thursday it planned to limit its first ever liquidity-boosting purchase operations of treasury bonds to 25 billion dirhams, citing the dampening impact of market uncertainty over rate outlook on demand.
The central bank has so far injected 16.2 billion dirhams through treasury bond purchases on Jan. 9 and Jan. 16.
Morocco's central bank raised its benchmark interest rate in December by 50 basis points to 2.5% as it looks to curb inflation. The Moroccan central bank limited the purchases to bonds with less than a year maturity issued less than a month ago, he said. Separately, Morocco is considering issuing an international bond in 2023 most likely in US dollars, he said.
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