Morocco’s central bank has reduced its benchmark interest rate by 25 bps to 2.25%, marking the second consecutive cut. This adjustment aligns with expectations of moderate inflation and aims to stimulate economic growth. Economic forecasts indicate a potential growth rate of 3.9% this year, alongside challenges such as increased current account deficits and uncertain agricultural outputs.
On Tuesday, Morocco’s central bank implemented a reduction of its benchmark interest rate by 25 basis points, bringing the rate down to 2.25%. This decision marks the second consecutive cut, aimed at aligning with the expected inflation trends and fostering economic growth and job creation. The bank has actively pursued a policy of monetary easing since June to support infrastructure investments for the upcoming 2030 World Cup co-hosting.
In summary, Morocco’s central bank continues to utilize monetary policy adjustments to stimulate economic development amid challenging conditions. The projected moderate inflation rate, anticipated economic growth, and adjustments in fiscal policy reflect the bank’s proactive measures to navigate geopolitical uncertainties and support national infrastructure goals. The outlook underscores the importance of resilient economic strategies for future stability.
Original Source: www.tradingview.com
