Morocco holds following drop in inflation
Central bank maintains policy rate at 2.25% as non-agricultural growth strengthens
The Central Bank of Morocco held its key interest rate at 2.25% yesterday (June 24), citing a sharp decline in inflation, strong growth in the non-agricultural sectors of the economy and continued uncertainty in the global economic environment.
Inflation fell from an average of 2% in the first quarter to 0.4% in May, the central bank said, largely because of an easing of food prices.
The bank forecast inflation would remain low and reach around 1% by the end of 2025 and 1.8% in 2026. However, it
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