Morocco's central bank, Bank Al-Maghrib, cut its key interest rate by 25 basis points to 2.75%.
Morocco's central bank, Bank Al-Maghrib, cut its key interest rate by 25 basis points to 2.75% amid lower inflation (projected at 1.5% in 2024, down from 6.6% in 2022) and reduced external inflationary pressures. Economic growth is expected to dip to 2.8% in 2024 but rebound to 4.5% in 2025. The current account deficit is anticipated to expand to 1.7% in 2024, with foreign exchange reserves at $38 billion covering 5.5 months of imports.
June 25, 2024
3 Articles