النشرة الاقتصادية - 11/11/2024

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11/12/2024

مدي 1 تي في : النشرة الاقتصادية - 11/11/2024

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00:00Welcome to Economic News.

00:12The Bank of Morocco issued bank loans during the first nine months of 2024,

00:17which recorded an annual increase of 4.9%.

00:21These loans were distributed among non-financial institutions

00:24worth more than 945 billion dirhams,

00:28and to financial institutions worth 191 billion dirhams.

00:31Non-financial loans accounted for a 2% increase,

00:37as a result of growth in real estate and equipment loans.

00:41Residential and consumer loans also increased by 1.1%.

00:45The Central Bank, in its latest ledger on bank loans and deposits,

00:51stated that during the second quarter of the year,

00:53loan conditions remained unchanged for all residential and consumer loans.

01:02A report issued by the European Investment Bank

01:05under the title of Africa 2023,

01:08showed that Moroccan families are among the most affected in Africa,

01:13as the second highest rate after South Africa

01:16for a loan amounting to 30% of the GDP.

01:20According to a report by the Bank of Morocco on financial stability,

01:23families, especially those whose income ranges between 4,000 and 10,000 dirhams,

01:29are under increased financial pressure,

01:31which forces them to borrow to cover their basic expenses.

01:34The Financial Law Project for 2025 is betting on a series of measures

01:40to reduce the financial burden on families,

01:41mainly by reviewing the tax on income and expanding the first dividend.

01:48The results of the third quarter of the year 2024

01:50showed a 6% interest rate on loans at 5.21%,

01:55with a 22% decrease in the base point.

01:58The report indicated that the treasury facilities reached a 5.08% interest rate,

02:04while the interest rate on equipment loans remained at 5.25%,

02:09and the real estate loans at about 5.24%.

02:14The Bank of Morocco reported a 0.12% interest rate on the euro,

02:19and a 0.34% interest rate on the US dollar,

02:24over the period from October 31 to November 5.

02:28The Central Bank stated in its weekly issue

02:31that the interest rates on the euro and the dollar

02:34were between 0.1% and 0.3%,

02:37while the interest rates on the dollar were between 0.3% and 0.4%.

02:42The Central Bank stated in its weekly issue

02:45that no work has been carried out in the exchange market during this period,

02:49and the Bank of Morocco added that the official reserve assets

02:53amounted to 360.6 billion dirhams,

02:56with a return of 0.5% from one week to the next,

03:00and an increase of 1.2% on an annual basis.

03:06The price of Bitcoin rose to a new level,

03:09and the US dollar was supported by 12 cryptocurrencies,

03:12in light of the new US administration's plan

03:15under the presidency of President Donald Trump

03:18to recruit regulatory entities related to digital assets.

03:21Bitcoin has recorded continuous increases

03:24since Trump's presidential victory,

03:27in line with the rise of the dollar,

03:30which reflects investors' confidence in the new direction of the US administration

03:34towards adopting a more open policy towards digital assets.

03:38The US dollar and the US dollar both rose

03:41with the preparation of the markets for the US inflation data

03:44and the exit of a number of federal reserve officials

03:47this past week.

03:49In return, the Chinese yuan was negatively affected

03:52after the last stimulus package,

03:55which was considered a wide range without demand

03:58amid expectations of a modest stimulus for housing and consumption.

04:01The latest data showed at the end of the week

04:05that consumer prices in China rose slowly

04:08for four months in October,

04:11while prices in the producing countries increased.

04:14A report published on the sales of shares

04:17and industrial production on Friday

04:20will determine whether the efforts of the stimulus package

04:23are really involved in stimulating demand.

04:26On the other hand, the Chinese stimulus package

04:29has lost hope in the withdrawal of the Australian and New Zealand dollars,

04:32one of the main exporters to China.

04:35Today, oil prices have continued to decline

04:38due to a risk of supply disruption

04:41due to the U.N. climate storm,

04:44and after the Chinese stimulus plan failed,

04:47investors are hopeful that demand for fuel will grow

04:50in the second largest oil consumer in the world, China.

04:53The temporary contracts for the 19-cent VIN

04:56to 37-dollar and 68-cent VIN

04:59of the West Texas Stock Exchange

05:02have fallen to 70-dollar and 13-cent VIN.

05:05Both indicators fell by more than 2%

05:08on Friday,

05:11while analysts said that the stimulus package

05:14announced by Beijing at the National Assembly

05:17of the Chinese People's Republic

05:20at the end of the week

05:23was less than expected.

05:29This was the Economic News. Goodbye.

النشرة الاقتصادية - 11/11/2024

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