48 Days
Source:
كود
Bank of Morocco Maintains 2.25% Interest Rate as Loans Rise to 10% and Dirham Depreciates Against Euro
The High Commission for Planning states that growth in loans directed towards the Moroccan economy is expected to accelerate to 10% in the second quarter of 2026, up from 8.4% at the beginning of the year. This is mainly attributed to an improvement in loans granted to companies and the continued growth of consumer credit. It is also expected that official reserve assets will continue to increase by 21.9%, with net receivables from the central administration rising, which will raise the monetary debt by 7.1%. The money supply is forecast to grow by 12.1%, compared to 10% in the previous quarter, amid increasing liquidity shortfalls in banks and interventions by Bank Al-Maghrib to provide refinancing, with the main interest rate remaining at 2.25%. The exchange rate of the dirham may decrease by 2.5% against the euro and by 0.1% against the dollar. Meanwhile, the MASI stock index is expected to decline by up to 0.4%, as geopolitical tensions persist and market transaction volumes are projected to decline by 30.6%.
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