Morocco’s central bank has lowered its benchmark interest rate to 2.25%, marking a third consecutive cut, to support economic growth and job creation while ensuring moderate inflation at 2%.
Morocco’s central bank has reduced its benchmark interest rate by 25 basis points to 2.25%. This decision marks the third consecutive rate cut, aimed at aligning with the inflation outlook and fostering economic growth and job creation. The bank anticipates that inflation, primarily influenced by food prices, will remain moderate at a rate of 2% during this year and the next, as stated in a recent announcement following their quarterly board meeting.
In summary, Morocco’s central bank has implemented a strategic decrease in the benchmark interest rate to 2.25% as part of a broader effort to stimulate economic growth and manage inflation. This rate cut reflects an optimistic prediction of moderate inflation over the upcoming period, primarily driven by food costs.
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