Focal Interest
Focal Interest

Central bank

  1. Positive CBDC stance linked to higher bank net interest margin
    Study shows CBDC development leads banks to widen interest margins by raising both deposit and lending rates to counter increased competition from digital currencies.
  2. Morocco’s bank credit shows short-run inertia, not immediate policy-rate response
    ARDL–ECM analysis reveals limited short-run monetary transmission to bank credit in Morocco, with dynamics driven by prudential and balance-sheet channels rather than interest-rate mechanisms.