Morocco Key Rate |

Morocco Holds Key Rate Despite Signs of Economic Slowdown

RABAT (Capital Markets in Africa) – Morocco’s central bank kept its benchmark interest rate unchanged at a record low 2.25 percent, even as it warned of an economic slowdown stretching into next year. The decision Tuesday came amid a dramatic falloff in credit growth and inflation, both potential catalysts for a rate cut to stimulate investment. Government data for the second quarter “indicate an economic activity level well below expectations,” Bank Al Maghreb said in a…

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

Posted on by The Editorial Team

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…