Morocco’s central bank has cut the benchmark interest rate by 25 bps to 2.25%, marking the third reduction in a row. The bank aims to address the inflation outlook and stimulate growth and job creation, with inflation expected to stay moderate at 2% for the next two years.
On Tuesday, Morocco’s central bank announced a reduction in its key interest rate by 25 basis points (bps) to 2.25%. This marks the third consecutive cut aimed at aligning with the anticipated inflation trends while fostering economic growth and job creation. The central bank indicated that inflation, primarily influenced by food prices, is expected to remain at a “moderate” rate of 2% for both this year and the next, as stated after the quarterly board meeting.
In summary, Morocco’s central bank has lowered its benchmark interest rate to 2.25% for the third time in succession, reflecting a strategic approach towards managing inflation and stimulating economic development. The forecasted inflation rate remains stable, suggesting an ongoing commitment to fostering a favorable economic environment.
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