Bank al-Maghrib Holds Benchmark Rate at 2.25% for Second Year as World Cup Building Accelerates
Updated
Updated · Bloomberg · Jun 23
Bank al-Maghrib Holds Benchmark Rate at 2.25% for Second Year as World Cup Building Accelerates
1 articles · Updated · Bloomberg · Jun 23
Summary
Bank al-Maghrib left Morocco’s benchmark rate unchanged at 2.25% at its quarterly meeting on Tuesday, extending a pause that has been in place since March 2025.
The hold aims to keep borrowing available for a World Cup-linked construction boom while still guarding against inflation risks tied to global energy and geopolitical uncertainty.
US-Iran peace talks were part of that backdrop, with policymakers weighing whether a lasting deal could ease external price pressures affecting Morocco.
Analysts at two of Morocco’s largest lenders had expected no change, underscoring the central bank’s preference for policy stability as investment demand stays strong.