Bank Al-Maghrib Maintains Its Key Rate at 2.25% for the Fifth Consecutive Time
Bank Al-Maghrib has decided to maintain its key interest rate at 2.25% during the second quarterly meeting of its Council held on Tuesday, June 23, 2026. This decision marks the fifth consecutive hold on the central bank’s main interest rate in Morocco.
This choice comes amid an economic backdrop characterized by close monitoring of inflation trends and growth prospects, both nationally and internationally.
A Balance Between Inflation Control and Economic Support
By keeping the key rate unchanged, Bank Al-Maghrib aims to maintain a balance between price stability and support for economic activity.
The central bank believes that current conditions allow for a prudent monetary policy capable of containing inflationary pressures while promoting access to financing for businesses and households.
A Thorough Analysis of the Economic Context
During this meeting, Council members examined key macroeconomic indicators as well as developments in the national and international economic environment.
Discussions specifically focused on growth prospects, inflation trends, and the persistent uncertainties that continue to affect global markets and major economies.
A Cautious Approach Amid Global Uncertainties
The decision to maintain the key interest rate reflects Bank Al-Maghrib’s commitment to adopting a measured approach in an international context still marked by numerous economic and geopolitical uncertainties.
The central bank therefore prioritizes patience before considering any potential adjustments to its monetary policy, awaiting better visibility on the evolution of inflation and growth in the coming months.
Preserved Financing Conditions
With this decision, financing conditions for the economy are expected to remain relatively stable, contributing to the support of investment and consumption.
This direction also reaffirms Bank Al-Maghrib’s commitment to supporting the Kingdom’s economic dynamics while ensuring financial and monetary stability.
