Bank Al-Maghrib (BAM), Morocco’s central bank, announced in an official statement that its decision to lower the key interest rate to 2.25% will take effect starting Thursday, March 20, 2025. This decision was made during the first quarterly meeting of the BAM Council in 2025, marking the second consecutive rate cut and the third since June of the previous year, with a reduction of 25 basis points.
The central bank explained that this cut aligns with the expected evolution of inflation, which is projected to remain consistent with the goal of price stability. Additionally, the move aims to strengthen support for economic activity and job creation in the country.
The BAM Council emphasized that it will continue to closely monitor economic developments and will base its future decisions on the most up-to-date data and indicators, making adjustments on a meeting-by-meeting basis as needed.
This step is part of ongoing efforts to bolster the national economy and enhance its resilience in the face of both domestic and international challenges.