Morocco's Central Bank keeps its key rate unchanged at 2.25%

Morocco's Central Bank (Bank Al-Maghrib) announced, Tuesday, that it has decided to keep unchanged its key rate at 2.25%.

The Board of Bank Al-Maghrib, which held its first quarterly meeting of the year this Tuesday, has analyzed recent economic developments as well as the macroeconomic forecasts prepared by the Bank for the next eight quarters.

«Based on these assessments, particularly those of medium-term inflation, growth and external accounts prospects, the Board considered that the current level of the key rate at 2.25 percent remains appropriate and decided to keep it unchanged», the bank said in a press release.