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Keywords: Bank Al Maghrib


Morocco's Economic Crossroads: Central Bank Urges Caution on Flexible Exchange Rate Transition

In a decisive press conference on Tuesday, Bank Al-Maghrib Governor Abdellatif Jouahri delivered a sobering assessment of Morocco's readiness to transition to a flexible exchange rate regime. Despite notable macroeconomic progress, Jouahri emphasized that the nation's economic landscape, particularly......

Morocco's Central Bank Spearheads Initiative to Curb Cash Dominance

In a bold move to address Morocco's burgeoning cash economy, the country's central bank, Bank Al-Maghrib (BAM), has established a high-level committee tasked with tackling the unprecedented surge in cash circulation. This initiative comes as Morocco grapples with a staggering MAD 430 billion......

Bank Al-Maghrib Lowers Interest Rates to 2.75% Amid Inflation Decline

In a significant monetary policy shift, Morocco’s central bank, Bank Al-Maghrib, has announced a 25 basis point reduction in its benchmark interest rate, bringing it down to 2.75%. This move, marking the first rate change in over a year, comes on the heels of a notable decline in inflation pressures......

Resurgence in Real Estate: Why Businessmen Are Snapping Up Stalled Construction Projects

As summer approaches, real estate developers anticipate a surge in demand to help clear their property inventories. However, a notable trend has emerged where savvy investors are capitalizing on developers' misfortunes by purchasing halted construction projects at bargain prices. These investors......

Moroccan Financial Sector Anticipates Steady Course for Central Bank's Interest Rates

In a remarkable display of consensus, Morocco's financial community is exhibiting an almost unanimous expectation that Bank Al-Maghrib (BAM), the country's central bank, will maintain its current benchmark interest rate. This sentiment emerges from a recent survey conducted by Attijari Global......

Navigating Morocco's Housing Sector: Pricing Paradox Amid Transaction Downturn

In a curious twist of fate, Morocco's real estate market encountered a puzzling dynamic in the first quarter of 2024. While property prices showed a modest upward trend, the volume of transactions sharply declined, casting a perplexing shadow over the sector's dynamics. Data released by Bank......

Real Estate Sector Grapples with Multifaceted Challenges in Recovery Phase

In the intricate landscape of the real estate sector, a modest 0.6% increase in prices since the beginning of the year marks a positive trajectory. Yet, the industry continues to grapple with multifaceted challenges. Eroding purchasing power, escalating construction material costs, and rising interest......

BAM Amplifies Monetary Interventions Amid Market Stability

The Moroccan economy continues to display resilience and investor confidence, maintaining market stability despite global economic fluctuations. Bank Al-Maghrib (BAM), the country's central bank, has significantly increased its interventions in the monetary market, injecting MAD 127 billion ($12.7......

Unmasking Trade Protectionism: Mezzour's Call for Economic Sovereignty

In a thought-provoking address at a conference organized by Bank Al-Maghrib in Dakhla, Ryad Mezzour, Minister of Industry and Trade, delivered a scathing critique of the protectionist practices employed by certain Western nations. These countries, while championing free competition and economic integration,......