Tag: Central Bank BAM

Morocco: Bank Card holders increased to nearly 18 Mln in 2021

July 27, 2022

The number of bank cards increased in Morocco by 4.1 pc in 2021, compared to the previous year, reaching 17.9 million, says Morocco’s Central Bank ... Read More

Morocco’s Central Bank maintains accommodative policy to promote growth

June 21, 2022

Morocco’s central bank kept its key interest rate unchanged at an all-time low of 1.5%, in a sign that it is more concerned about promoting ... Read More

Morocco’s Central Bank keeps interest rate unchanged due to Global & Domestic Situation

March 24, 2022

Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of ... Read More

Imported inflation behind surge of foodstuff, fuel prices in Morocco – Central Bank

December 22, 2021

Morocco’s central bank revised upwards its inflation figures for 2021 to 1.4% from 1.2% due in part to a surge in foodstuff and fuel prices ... Read More

Morocco’s central bank buys back excess hard currency in local forex market

September 26, 2021

Morocco’s central bank has bought $471 million of excess foreign currency from the local market to absorb excess and ensure the good functioning of the ... Read More

Morocco’s economic growth to pick up to 5.3% in 2021

March 24, 2021

Morocco’s central bank revised upwards Morocco’s economic growth to 5.3% in 2021 citing the beginning of the end of the health crisis with the roll ... Read More

Morocco’s Central Bank teams up with IFC to improve women’s access to finance

March 3, 2020

Bank Al Maghrib, Morocco’s central Bank, and the International Finance Corporation (IFC) have agreed to bolster their cooperation to enhance women's access to financing. Under ... Read More