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Morocco central bank holds rates at 2.25% as inflation stays low

Marrakech biggest market in Morocco. Photo by CALIN STAN @ Unsplash
Marrakech biggest market in Morocco. Photo by CALIN STAN @ Unsplash
  • Morocco keeps policy rate steady after cumulative 75bp cuts since 2024
  • Low inflation and stronger growth underpin shift to policy consolidation

 

RABAT, MOROCCO – Morocco’s central bank on Tuesday held its benchmark interest rate unchanged at 2.25%, signalling a pause in monetary easing as inflation remains subdued and economic growth gains momentum.

In a statement after its final policy meeting of 2025, Bank Al-Maghrib said the current stance was appropriate, consolidating an easing cycle that has reversed much of the tightening introduced during the inflation surge of 2022.

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