Morocco’s central bank is widely expected to maintain its benchmark interest rate at 2.25% when its policy council convenes on March 17, in what would mark the fourth consecutive pause in the current monetary cycle. Despite domestic macroeconomic conditions that would ordinarily justify further easing, geopolitical turbulence stemming from the Middle East conflict has prompted […]
The International Monetary Fund has lowered slightly its economic forecasts for Morocco saying the Kingdom’s growth is expected to reach 4.5 pc in 2021, while the Fund’s previous projections for the country were estimated at 5 pc. The IMF new outlook takes into account several internal and external factors including the high uncertainty that surrounds […]
The Royal Armed Forces conducted an operation that foiled an Algerian plan to establish a polisario separatist military presence in the southernmost tip of the Sahara, Guergarat, capturing 6 Algerian military officers and several polisario fighters. The news is relayed by Assabah daily which says that the Moroccan Armed Forces (known by the French acronym […]
