Morocco central bank cuts key interest rate as inflation drops

Morocco’s central bank cut its borrowing rate to 2.75% from 3% as inflation drops thanks to lowering food prices and easing external inflationary pressures, the bank said following its board meeting. “On the basis of all these considerations, the Board considered that the calibrated tightening of monetary policy, the regular monitoring of the transmission of […]

Morocco’s planning agency revises downward 2024 growth due to drought

Morocco’s planning agency HCP said drought would ditch this year’s growth rate to 3% from an earlier estimate of 3.4%. The rate is almost similar to that of the IMF, which expected the economy to grow 3.1% this year. HCP expects the economy to recover to 3.4% in 2025, on the hypothesis of a close […]

Morocco helps Sri Lanka identify suicide bombers

Morocco has offered intelligence that helped Sri Lankan authorities identify the suicide bombers and their mentors in the Islamic State, Outlook India said in an exclusive reporting. The information was also shared with India as New Delhi and Morocco have a strong counter-terror cooperation, it said. Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday said […]