Morocco’s Central Bank Lowers Benchmark Interest Rate to 2.25%

Morocco’s central bank has cut the benchmark interest rate to 2.25%, marking a third consecutive decrease. This decision supports growth and job creation and is consistent with the projected moderate inflation rate of 2% for this year and next.

On Tuesday, Morocco’s central bank announced a reduction in its benchmark interest rate by 25 basis points, bringing it down to 2.25%. This marks the third consecutive reduction, as the bank emphasizes that such a decision aligns with the prevailing inflation forecasts and aims to stimulate economic growth and job creation.

The bank projected that inflation, primarily influenced by food prices, is anticipated to remain at a “moderate” rate of 2% for both this year and the next. This assessment was shared in a statement following the central bank’s quarterly board meeting conducted to discuss the country’s economic outlook.

In summary, Morocco’s central bank has reduced the benchmark interest rate to 2.25% for the third consecutive time, a strategic move aimed at fostering economic growth and job opportunities. Additionally, the bank predicts a moderate inflation rate of 2% over the next two years, largely influenced by food prices.

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