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Morocco’s central bank holds benchmark interest rate at 1.5%

Published on: Tuesday 22 March 2022

Morocco’s central bank holds benchmark interest rate at 1.5% RABAT (Reuters) -Morocco's central bank kept its benchmark interest rate at an all-time low of 1.5% on Tuesday, saying its accommodative monetary policy was needed to shore up the economy amid inflationary pressures resulting from the war in Ukraine. Driven by imported goods, inflation is expected to surge to 4.7% this year from 1.4% in 2021, before slowing to 1.9% next year, the central bank said in a statement following its quarterly board meeting. "These forecasts are shrouded in higher uncertainty," Central Bank Governor Abdellatif Jouahri told reporters following the meeting.


News source: https://uk.news.yahoo.com/morocco-central-bank-holds-benchmark-125550577.html

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» Morocco’s central bank holds benchmark interest rate at 1.5%

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