Morocco’s central bank has lowered its benchmark interest rate to 2.25%, marking the third reduction. This move is intended to support growth and employment, with inflation projected to hold steady at 2% over the next two years, driven by food prices.
On Tuesday, Morocco’s central bank announced a reduction of its benchmark interest rate by 25 basis points to 2.25%. This represents the third consecutive decrease aimed at supporting economic growth and job creation, aligned with the country’s inflation outlook.
The central bank provided insights into the inflation landscape, stating that inflation, influenced primarily by food prices, is projected to remain at a moderate 2% for the current and next year, as revealed in their quarterly board meeting statement.
In summary, the reduction in Morocco’s benchmark interest rate reflects the central bank’s strategy to foster economic growth and maintain manageable inflation rates. With a forecasted inflation rate of 2% in the upcoming years, the central bank aims to create a favorable economic environment.
Original Source: www.tradingview.com
