Moroccan central bank keeps benchmark interest rate steady at 2.25%
RABAT, June 24 (Reuters) - The Moroccan central bank held its benchmark interest rate steady at 2.25%, saying current borrowing costs were consistent with the inflation outlook.
Inflation would average 1% in 2025, following a drop in food prices, before ticking up to 1.8% next year, the bank said in a statement following its quarterly board meeting.
The forecast remains shrouded in "uncertainty", the bank said citing trade policies, repercussions of geopolitical conflicts and the performance of the domestic farming sector.
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