Morocco: increase in the central bank's key rate
Meeting this Tuesday, December 20, the board of Bank Al-Maghrib, the central bank of Morocco, decided to raise the key rate by 50 basis points to 2.50%. An option, the 2nd in less than 3 months, which aims to promote the return of inflation to rates in line with the objective of price stability. According to the authority, economic activity at the national level is marked, among other things, by the evolution of inflation.
The latter, indicates a press release from the central bank, “will have to continue to record high rates for a much longer period than expected in September, impacted...