The Board of Bank Al-Maghrib (BAM), in its meeting on Tuesday in Rabat, decided to lower the key rate by 25 basis points (bps) to 2.25%, marking the second consecutive rate cut and the third since June 2024.
In a statement issued after its first quarterly meeting of 2025, BAM explained that the decision was made “considering the expected evolution of inflation, which aligns with the objective of price stability, and with the aim of further supporting economic activity and employment.”
The Board also emphasized its commitment to closely monitoring economic developments and making future decisions based on the most current data available.
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