فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
The Council of Bank Al-Maghrib (BAM), meeting on Tuesday in Rabat, decided to reduce the key interest rate by 25 basis points (bps) to 2.5%.
“Given the evolution of inflation at levels in line with the price stability objective and in view of the strong uncertainties surrounding the medium-term outlook, particularly at the international level, the Council has decided to reduce the key rate by 25 basis points to 2.50%,” BAM stated in a communiqué on the fourth and final quarterly meeting of its Council for 2024.
The Council will continue to closely monitor the evolution of the economic situation and will base its decisions meeting by meeting on the most up-to-date data.
This decision comes in the context of continuing decline in inflation rates in Morocco, where the annual average inflation has dropped from 6.1% in 2023 to only 1% this year, with projections indicating moderate levels of 2.4% in 2025 and 1.8% by 2026.
The BAM Council affirmed that it will continue to closely follow economic developments and will make its decisions at each meeting based on the latest available data.
This reduction is the second this year, as the central bank lowered the key interest rate last June. This decision is expected to contribute to supporting the kingdom’s massive investment efforts, including preparations for co-hosting the 2030 FIFA World Cup.
