Bank Al-Maghrib Holds Policy Rate at 2.25% Amid Global Turbulence and Domestic Inflation Pressures

On June 23, 2026, the Board of Bank Al‑Maghrib confirmed its 2.25 % policy rate for the fifth consecutive meeting, citing a delicate balance between moderate domestic inflation, a rebound in agricultural output and heightened global uncertainties stemming from the Middle‑East conflict. The central bank highlighted rising energy prices, a modest pick‑up in domestic price pressures and stable growth forecasts, while signalling that future decisions will remain data‑driven. The report also outlined expectations for commodity markets, growth trajectories for Morocco’s economy, labour market statistics and external balances, providing a comprehensive outlook for policy‑makers and investors alike.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.