Morocco’s central bank has reduced its benchmark interest rate to 2.25%, a decrease of 25 basis points, aimed at promoting growth and employment. The bank projects inflation will remain moderate at 2% for this year and next, following its quarterly board meeting.
On Tuesday, Morocco’s central bank announced a reduction in its key benchmark interest rate by 25 basis points, bringing it down to 2.25%. This marks the third consecutive decrease and is aimed at aligning monetary policy with the projected inflation outlook. The central bank emphasizes that this decision is intended to foster economic growth and job creation. Moreover, the bank anticipates inflation, primarily influenced by food prices, to stay at a “moderate” rate of 2% for this year and the next, as asserted in their statement following the quarterly board meeting.
In conclusion, the Moroccan central bank’s recent interest rate cut to 2.25% is a strategic move to address inflation and stimulate economic growth. With expectations of moderate inflation at 2% over the coming years, this adjustment reflects a commitment to enhancing job creation and supporting the economy.
Original Source: www.tradingview.com
