Morocco Central Bank Maintains Rate

The Central Bank of Morocco has kept the interest rate at 2.25%, with forecasts that inflation will reach 1.5% in 2026 and rise to 2.1% in 2027, after remaining around 0.8% over the past two years. It is also expected that economic growth will accelerate to 5.2% in 2026 from 4.9% in 2025, supported by a rebound in agricultural production following heavy rains that ended a seven-year drought. On the other hand, the current account deficit is expected to exceed 4% of GDP in 2026, due to increased energy imports that are projected to rise by 26% to 135 billion dirhams.

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