Bank Al-Maghrib's Council Holds Fourth Quarterly Meeting of 2024
The Council of Bank Al-Maghrib held its fourth quarterly meeting of 2024 on Tuesday, December 17. During this session, it analyzed the evolution of the national and international economic situation, as well as the medium-term macroeconomic projections established by the bank.
"Given the evolution of inflation at levels in line with the price stability objective and considering the strong uncertainties surrounding medium-term prospects, particularly at the international level, the Council decided to reduce the benchmark rate by 25 basis points to 2.50%. It will continue to closely monitor the economic situation and will base its decisions on the most up-to-date data, meeting by meeting," according to a statement from Bank Al-Maghrib.
