Keywords: Bank Al Maghrib


Morocco’s banks sustain growth as lending expands and bad debts rise

Morocco’s banking industry is maintaining its growth momentum despite persistent pressure on household purchasing power and a less favorable economic environment. First-half 2026 results from major listed banks point to continued expansion in deposits, lending and, in several cases, profitability,......

Oil surge tests Morocco’s economy as energy bill jumps 29.1%

Morocco is absorbing a sharp rise in global energy prices without allowing the shock to translate immediately into broad-based inflation. By the end of August, consumer prices had increased by just 0.3%, even as Brent crude climbed to around $116 a barrel on September 22. The contrast highlights the......

Morocco Treasury takes a cautious approach with 850 million dirhams bond sale

The Moroccan Treasury adopted a highly selective stance at its latest domestic bond auction, accepting just 850 million dirhams from 5.28 billion dirhams worth of bids submitted by investors. The September 23 auction resulted in a satisfaction rate of only 16%, according to BMCE Capital Global Research’s......

Morocco’s money market remains stable after sixth consecutive rate hold

Morocco’s money market remained broadly stable in late September after Bank Al-Maghrib kept its key interest rate unchanged at 2.25%, extending the current period of monetary stability. The central bank’s decision was in line with market expectations and came as policymakers continued to......

Morocco’s instant payments face the adoption challenge as fintech ecosystem expands

Morocco has already built much of the infrastructure needed to support a modern instant-payment ecosystem. The harder task now is convincing consumers and merchants to use it regularly. That was one of the central messages emerging from the 11th edition of the MFC Talks, organised by the Morocco Fintech......

Bank Al-Maghrib sees Morocco growth reach 4.4% as agriculture rebounds

Morocco's economy is set to expand by 4.4% in 2026, according to Bank Al-Maghrib's latest quarterly assessment, with a strong agricultural rebound and continued job creation providing important support to overall activity. The central bank expects growth to slow to 2.9% in 2027 as agricultural......

Morocco’s foreign exchange reserves set to exceed $55 billion in 2026

Morocco’s official foreign exchange reserves are expected to continue rising through 2026 and 2027, even as the country’s merchandise trade deficit widens under the pressure of higher energy costs and strong investment-related imports. Bank Al-Maghrib forecasts that official reserve assets......

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......