Morocco cuts interest rates for second time this year
Morocco cut its interest rates for the second time in 2024, easing the cost of borrowing to encourage an investment drive including preparations to co-host the football world cup in 2030.
Bloomberg reported that Bank al-Maghrib had lowered the benchmark interest rate by 25 basis points to 2.5% in its latest quarterly policy meeting on December 17th.
The regulator said in a statement that reduction to the lowest rate since last year is motivated by inflation that is “in line with the price stability objective” and high geopolitical uncertainty.
Bloomberg
