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Keywords: Monetary policy


Bank Al-Maghrib maintains interest rate at 2.25% amid low inflation and steady growth

Bank Al-Maghrib (BAM) has opted to keep its key interest rate at 2.25%, citing Morocco’s subdued inflation and firm economic growth as reasons for maintaining monetary stability. The decision was announced during the central bank’s final quarterly board meeting of 2025, held in Rabat. Low......

Morocco’s economic growth forecasted to reach 5% in 2025

Bank Al-Maghrib (BAM) has projected Morocco’s economic growth to hit 5% in 2025, driven by robust non-agricultural activity and a recovery in agriculture. The central bank presented this outlook during its final quarterly board meeting in Rabat. Growth is expected to remain solid in the medium......

Morocco’s banking liquidity deficit rises to MAD 144.6 billion in late October

The Moroccan banking system faced a deepening liquidity deficit during the final week of October, with the gap widening by 5.19% to reach MAD 144.6 billion, according to BMCE Global Research’s “Fixed Income Weekly” report. This increase reflects the cautious approach taken by Bank Al-Maghrib......

Morocco urges Arab banks to unite against global economic challenges

Morocco has called for greater cooperation among Arab central banks to confront shared economic challenges. Speaking at the 49th meeting of Arab central bank governors in Tunisia, Bank Al-Maghrib Governor Abdellatif Jouahri emphasized that collaboration is essential to address global shocks affecting......

European stock markets open cautiously ahead of Fed decision

European stock markets started the day without a clear direction on Tuesday, as investors awaited the outcome of the U.S. Federal Reserve’s two-day monetary policy meeting. Market participants widely expect the Fed to announce its first interest rate cut since December 2024, a move anticipated......

Japanese prime minister's resignation sparks stock market surge amid hopes for economic stimulus

The resignation of Japan’s Prime Minister Shigeru Ishiba has triggered a rally in Asian markets, driven by optimism over potential fiscal stimulus under his successor. The announcement overshadowed weaker-than-expected Chinese export data, as investors shifted focus to the likelihood of more accommodative......

Abdellatif Jouahri ranks among world’s top central bank governors in 2025

Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), has been recognized as one of the world’s leading central bank governors in the 2025 Central Banker Report Cards by the prestigious American financial magazine Global Finance. Jouahri received an “A” rating, placing him in an elite......

Fed governor and possible Powell successor calls for rate cut

Christopher Waller, one of the governors of the US Federal Reserve, urged the central bank on Thursday to lower its benchmark interest rate at the next monetary policy meeting scheduled for September 16–17. Speaking in Miami, Waller expressed regret that no rate cut was made in July but stressed......

Bank Al-Maghrib reports 27% profit growth in 2024, reaching MAD 6.46 billion

Bank Al-Maghrib (BAM), Morocco’s central bank, concluded 2024 as one of its most profitable years, recording a net profit of MAD 6.46 billion. This marks a 27% increase compared to the MAD 5.1 billion reported in 2023, despite rising operational expenses and economic challenges. Key drivers of......