Morocco’s central bank has decreased its benchmark interest rate to 2.25% for the third time, aiming to boost growth and job creation amid moderate inflation expectations of 2% for the coming years.
On Tuesday, Morocco’s central bank announced a reduction in its benchmark interest rate by 25 basis points, bringing it down to 2.25%. This decision marks the third consecutive cut and is intended to align with the anticipated inflation trends, support economic growth, and facilitate job creation.
The central bank projected that inflation, primarily influenced by food prices, would hold steady at a moderate rate of 2% for this year and the next. This assessment follows the bank’s quarterly board meeting, where officials evaluated the current economic conditions.
In summary, Morocco’s central bank has demonstrated a commitment to stimulating economic growth through a reduction in the benchmark interest rate to 2.25%. By anticipating controlled inflation rates, the bank aims to enhance job creation and overall economic development. The moderation of inflation, primarily due to food prices, further supports this decision.
Original Source: www.tradingview.com
