Bank of Morocco plans to hold rates
The research center "BMC E Capital Global Research" reports that Bank Al-Maghrib is likely to keep its benchmark interest rate steady at 2.25% during its upcoming meeting on June 23, 2026. This expectation is based on the current stability of inflation at relatively low levels, along with prospects of a balanced financial situation while maintaining high levels of public investment to support growth. The report also notes that inflation has recently risen to 1.7% in April 2026, mainly due to increases in international energy prices. It is expected to decline to 1.5% in the second quarter if oil prices continue to normalize, but could rise to 2.3% if regional tensions persist. Additionally, the report reviews the state of public finances, revealing a deficit of 27.8 billion dirhams as of the end of May, with ongoing policies to promote financing through both domestic and international markets.
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