Inflation in Morocco slowed significantly in 2024, to an average of 0.9%, and is expected to accelerate, while remaining at a moderate level of around 2% over the next two years, according to Morocco’s Central Bank (BAM).
“Inflation, after two years of high levels, slowed significantly in 2024 to an average of 0.9%. According to Bank Al-Maghrib’s projections, it should accelerate, while remaining at a moderate level of around 2% over the next two years”, BAM says in a press release issued at the close of its first quarterly Board meeting of 2025.
The same source reported that core inflation stood at 2.2% in 2024 and is forecast to evolve around 2% in the medium term, specifying that this outlook remains surrounded by strong uncertainties mainly driven, at the international level, by persisting geo-economic tensions and their implications for global inflation, and at the domestic level, by developments of the supply of agricultural products.
The Board also noted that inflation expectations remain anchored, with financial sector experts anticipating average rates of 2.2% for the 8-quarter horizon and 2.4% for the 12-quarter horizon in the first quarter of 2025.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.