Morocco keeps interest rate at 2.25%

Morocco’s central bank kept its key rate at 2.25 per cent on Tuesday, citing global and domestic risks despite stable inflation and steady growth prospects.

According to the bank’s statement, inflation is projected at 1 per cent in 2025 before rising to 1.9 per cent in 2026, while growth is expected to accelerate from 3.8 per cent in 2024 to 4.6 per cent in 2025, then ease to 4.4 per cent in 2026.

The statement also noted that Credit growth is forecast to recover, with reserves reaching 418 billion dirhams by end-2025, covering five and a half months of imports. Notably, the country’s current account deficit is seen at about 2.3 per cent of GDP.

Attribution: Amwal Al Ghad English