First Independent Mena Newspaper
Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 %, while continuing to strengthen the measures aimed at easing financing conditions for businesses, especially very small enterprises (VSEs). The decision was made Tuesday by the Bank’s board after having analyzed national and international economic developments and reviewed medium-term macroeconomic projections. […]
Morocco’s Central Bank has decided to maintain the key interest rate unchanged at 2.25 percent due to deceleration in food prices and a slowdown of inflation from 2 % on average in the first quarter of this year to 0.7 % in April and 0.4 % in May. The decision was made by the Bank’s […]
Bank Al-Maghrib (BAM) and the International Finance Corporation (IFC) signed a partnership deal on Wednesday, June 18, in Rabat, meant to achieve two key objectives: improving the resilience of agricultural operations and fostering inclusive and sustainable growth. According to a joint press release, this partnership reflects the shared ambition of both institutions to promote an […]
Morocco’s central bank has decided to lower key rate by 25 bps to 2.25 % to ensure price stability and support the country’s economic activity with the anticipated inflation evolution. The decision was made by the Board of Bank Al-Maghrib during its meeting held Tuesday in Rabat of 2025. The Bank experts decided to cut […]
Morocco’s central bank, Bank Al-Maghrib (BAM), has published this week the first version of its practical guide on the fight against money laundering and the financing of terrorism (AML-CFT). This guide, which is part of efforts to raise public awareness about the risks of money laundering and terrorism financing, explains what money laundering and terrorism […]
Morocco’s central bank gave a promising outlook for Morocco’s current account balance putting emphasis on the growing exports of the automotive sector, seen at a record 20 billion dollars by 2026. Likewise, the bank expects Morocco’s phosphates and derivatives exports would settle at 10 billion dollars, while remittances from Moroccans abroad and tourism receipts would […]
Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]
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 […]
Drought has shattered prospects for a good harvest this year with only 2.5 million tons expected, down from 5.51 million tons last year, Morocco’s central bank said. The bank explained that a shortage of rainfall led to a drop in cereals planted area to 2.5 million hectares, compared with 3.7 million hectares last year. As […]
French bank, Société Générale, has informed Morocco’s Central Bank of its intention to leave the country, as part of a plan to withdraw from the African continent, Central Bank governor Abdellatif Jouahri said. Moroccan media has reported over the past few days that the French bank was planning to sell its Morocco branch to Saham […]