Morocco’s Central Bank Lowers Benchmark Interest Rate to Foster Growth
Morocco’s central bank has lowered its benchmark interest rate to 2.25%, marking the third consecutive reduction. The move aims to support growth and employment while inflation is anticipated to remain moderate at 2% 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 cut, aimed at supporting economic growth and job creation while aligning with the anticipated inflation trajectory.
The central bank indicated that inflation, predominantly influenced by food prices, is projected to remain at a moderate level of 2% for both the current and upcoming year. This decision was disclosed in a statement following the bank’s recent quarterly board meeting.
The recent reduction of the benchmark interest rate by Morocco’s central bank emphasizes an ongoing commitment to fostering economic growth and stability. With inflation expectations moderated at 2%, these measures aim to create a positive environment for job creation and investment.
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