Assahafa.com
The Board of Morocco’s central bank Bank Al-Maghrib (BAM), meeting on Tuesday in Rabat, decided to reduce the key rate by 25 basis points to 2.5%.
“Given that inflation evolves at levels in line with the price stability objective and considering the high uncertainty surrounding the medium-term outlook particularly at the international level, the Board decided to reduce the key rate by 25 basis points to 2.50 percent,” BAM stated in a press release following the fourth and final quarterly meeting of its Board in 2024.
The board will continue to closely monitor economic developments and will take its decisions, meeting by meeting, based on most up-to-date data available.
Source: map
