Morocco’s Central Bank Cuts Rates Again to Spur Growth

• Bank al-Maghrib lowers benchmark interest rate to 2.25% to support investment
• Drought-hit agriculture slows growth, but tourism and infrastructure projects remain strong

Bank al-Maghrib, Morocco’s central bank, reduced its benchmark interest rate by 25 basis points to 2.25% at its first policy meeting of 2025, marking the second consecutive rate cut. The move brings borrowing costs to their lowest since 2022 as the country seeks to stimulate investment ahead of co-hosting the 2030 FIFA World Cup while keeping inflation under control.