Morocco holds rates at 2.25% as growth strengthens amid global uncertainty

• Central bank pauses easing cycle amid geopolitical risks
• Inflation remains subdued despite rising oil price pressures

RABAT, MOROCCO – Morocco’s central bank held interest rates steady on Tuesday, pausing its easing cycle as it balances strong growth with low inflation and rising global uncertainty.

Bank Al-Maghrib said after its first quarterly meeting of the year that it had kept its benchmark interest rate unchanged at 2.25%, maintaining borrowing costs at their lowest level since cuts began in mid-2024.