Moroccan Central Bank Keeps Interest Rates Unchanged at 3%

The Moroccan central bank halted tightening measures today, Tuesday, and maintained the benchmark interest rates unchanged at three percent after raising them three consecutive times to curb inflation. The bank stated in a statement: "Inflation driven by food prices will reach 6.2 percent this year before declining to 3.8 percent next year." It added: "The Moroccan economy is expected to grow by 2.4 percent this year and 3.3 percent next year after growing by 1.3 percent in 2022."