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Fitch Solutions expect Morocco’s central bank to cut benchmark rate to 2.25% in H2

Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]

Israel to recognize Morocco’s sovereignty over the Sahara – media reports

Israel is on the way to announce a formal recognition of Morocco’s territorial integrity and sovereignty over the Sahara, according to Israeli media. The issue is at the heart of a visit to Morocco by Israel’s National Security Adviser Tzachi Hanegbi who met on Wednesday Morocco’s foreign minister Nasser Bourita. Israel’s transport minister Miri Regev, […]

Ceasefire Agreement in Gaza: Morocco calls on all Palestinian, Israeli parties to give peace a chance

Two days before the Gaza ceasefire agreement comes into force, Morocco, whose Sovereign, King Mohammed VI chairs the Al-Quds Committee, welcomed the progress made towards halting the hostilities and attacks that have been unleashed on civilians since October 7, 2023. “The Kingdom calls on all Palestinian and Israeli parties to give peace a chance and […]