Keywords: Monetary policy


Moroccan Dirham Strengthens Against the US Dollar and Euro as Reserves Exceed MAD 515 Billion

RABAT, Morocco — The Moroccan dirham gained ground against both the US dollar and the euro during the week of October 8–14, 2026, according to the latest figures published by Bank Al-Maghrib (BAM), while the country’s official reserve assets remained above MAD 515 billion. The national......

Robert Hall and Michael Woodford win the 2026 Nobel Prize in Economic Sciences

American economists Robert E. Hall and Michael Woodford have been awarded the 2026 Nobel Memorial Prize in Economic Sciences for their contributions to the microeconomic foundations of macroeconomic stabilisation. Announced by the Royal Swedish Academy of Sciences on Monday, October 12, the award recognises......

Global bonds head for worst quarter since 2024 as inflation fears return

Global government bonds are on track for their weakest quarterly performance since 2024, as renewed concerns over inflation put pressure on fixed-income markets following a surge in oil prices toward $100 a barrel. The Bloomberg global bond index has fallen about 2.1% since June, marking its steepest......

Euro zone inflation climbs to three-year high, putting pressure on ECB

Inflation in the euro zone accelerated sharply in September, reaching its highest level in three years as rising energy costs added to pressure on consumer prices and complicated the European Central Bank’s monetary policy outlook. Eurostat’s flash estimate showed annual inflation rising......

US inflation rises less than expected in August as consumer spending surges

Inflation in the United States increased more slowly than expected in August, while consumer spending accelerated sharply, adding a mixed signal for the Federal Reserve as policymakers assess the need for further interest rate increases. The Personal Consumption Expenditures (PCE) price index rose 0.3%......

Lagarde urges measured approach as euro zone inflation fuels rate hike bets

European Central Bank President Christine Lagarde has sought to temper expectations of an aggressive monetary tightening cycle, arguing that the recent rise in euro zone inflation has so far not produced the kind of persistent second-round effects that would warrant an automatic series of interest rate......

Swiss National Bank keeps interest rate at zero as inflation remains contained

The Swiss National Bank has decided to leave its key interest rate unchanged at 0%, maintaining an accommodative monetary policy stance as inflation remains relatively low despite renewed pressure from energy prices. The decision, announced on September 24, comes as several major economies continue to......

Global inflation expected to accelerate to 3.4% in 2026, Bank Al-Maghrib says

Global inflation is expected to accelerate in 2026 before easing slightly the following year, according to projections cited by Bank Al-Maghrib, as price pressures remain a concern across several major economies. The Moroccan central bank expects the global inflation rate to rise from 2.9% in 2025 to......

Bank Al-Maghrib keeps key interest rate unchanged at 2.25%

Bank Al-Maghrib, Morocco’s central bank, has decided to keep its benchmark interest rate unchanged at 2.25%, maintaining a cautious monetary policy stance amid continued uncertainty over the economic outlook. The decision was taken during the central bank’s third quarterly monetary policy......