Moroccan Central Bank keeps rate at 2.25%

The Moroccan Central Bank has decided to keep the interest rate steady at 2.25%, with inflation expected to reach 1.5% in 2026 and then increase to 2.1% in 2027. Economic growth is projected to accelerate to 5.2% in 2026 due to a rebound in agricultural production, before slowing down to 3.1% in 2027. The current account deficit is expected to widen to 4% of GDP in 2026, with energy import expenses rising by 26% to 135 billion dirhams, followed by a decrease to 114.4 billion dirhams in 2027. Additionally, the government anticipates foreign reserves increasing to $57 billion by 2027.

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