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.