By CentralBankNews.info
Morocco’s central bank left its monetary policy rate at 2.25 percent, noting the downward trend in inflation had been reversed and inflation is expected to average 0.7 percent this year, down from 1.6 percent in 2016, but then rise in 2018 to average 1.5 percent and 1.6 percent in 2019.
The Bank of Morocco, or Bank Al-Maghrib (BAM), which has maintained its rate after cutting it by 25 basis points in March 2016, also forecast economic growth this year of 4.1 percent, down from June’s forecast of 4.4 percent but up from 1.2 percent in 2016 when agricultural output shrank.