The Bank Al-Maghrib (BAM) Council, meeting in Rabat on Tuesday, decided to maintain the key interest rate at 2.25%. «Taking into account inflation developments in line with the medium-term price stability objective, the sharp acceleration in non-agricultural growth, and well-anchored expectations, the Council decided, given the high level of uncertainty surrounding the outlook, to keep the key interest rate unchanged at 2.25%», BAM said in a statement following its second quarterly meeting of 2025. The Council also noted that it will continue to closely monitor the impact of recent rate cuts, particularly on financing conditions for micro, small, and medium-sized enterprises (MSMEs). Future decisions will be made on a meeting-by-meeting basis, depending on the latest available data.
