Bank Al-Maghrib

Morocco’s central bank keeps interest rate at 2.25%

Posted on by The Editorial Team
Morocco’s central bank keeps interest rate at 2.25%

RABAT (Capital Markets in Africa) – Morocco’s central bank maintained its key monetary policy rate at 2.25 percent and raised its forecast for inflation and growth slightly this year due to improved domestic demand and a rise in imported inflation.    The Bank Al-Maghrib (BAM), which cut its rate by 25 basis points a year ago in response to declining inflation, added monetary conditions tightened slightly last year due to an appreciation of the real effective…

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Morocco’s central bank keeps benchmark interest rate unchanged at 2.50%

Posted on by The Editorial Team
Morocco’s central bank keeps benchmark interest rate unchanged at 2.50%

Casablanca, Morocco, Capital Markets in Africa — Bank Al-Maghrib decided to maintains the key Bank Rate at 2.5 percent at the Board of Bank Al-Maghrib last quarterly meeting of the year held on Tuesday, December 22, 2015, according to statement released by the bank.  “Taking into account the inflation projection that is consistent with the objective of price stability and the uncertainties surrounding national but also international economic outlook, the board decided to maintain the key…

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