Morocco’s Central Bank raises key interest rate to 3% to mitigate inflation

Morocco’s Central bank decided on Tuesday to lift its rates by 50 basis points to 3 percent to counter inflationary pressures exerted both at the domestic and international levels. During its first meeting of 2023 held in Rabat, the Board of Bank Al Maghrib discussed the evolution of the national economic situation and the Bank’s […]

Morocco Informs United Nations of Adoption by EU Council of Fisheries Agreement

Morocco’s permanent representative to the United Nations, Omar Hilale, has informed the UN Secretary-General and the members of the UN Security Council of the adoption on Monday by the European Council of the Sustainable Fisheries Partnership Agreement with Morocco. The Council also adopted the agreement’s related implementation protocol and the exchange of letters accompanying the […]

Russian diesel stirs controversy in Morocco

Three opposition parties called for the creation of a fact-finding mission to look into imports of Russian diesel in Morocco with a focus on prices in fuel stations. Due to Western sanctions, Russian diesel is the cheapest on the market. But, some Moroccan consumers deplore that prices in fuel stations remain high. Opposition parties, PPS, […]