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Morocco\u2019s central bank meets Tuesday with inflation well below its own forecast, giving it room to pause while it checks whether earlier rate cuts are lowering loan costs while monitoring oil and global markets.<\/span><\/p>\n Bank Al-Maghrib cut the key rate to 2.25% in March and held that level in June, when the board said inflation had \u2018posted a very sharp slowdown\u2019 and would \u2018hover around 1 percent by end-2025,\u2019 stabilizing near 1.8 percent in 2026.\u201d<\/p>\n That projection, already low by international standards , is now being supported by summer readings that came in even softer than expected.<\/span><\/p>\n <\/p>\n Headline inflation slowed to 0.3 percent year-on-year in August, with core inflation at 0.7 percent. Both sit comfortably below the bank\u2019s target band and under its own 2025 forecast.<\/span><\/p>\n These figures place Morocco in an unusual position relative to peers because while inflation pressures remain stubborn in much of Europe, Morocco has seen food and energy prices cool sharply from last year\u2019s peaks.\u00a0<\/span><\/p>\n The trajectory lowers immediate pressure for tighter policy and suggests loan costs could stay steady through the year\u2019s final quarter.<\/span><\/p>\n But Bank Al-Maghrib\u2019s quarterly outlook also assesses how rate settings are flowing into credit,\u00a0 particularly for micro, small and mid-sized firms,\u00a0 alongside growth in non-agricultural sectors, external price risks, and the stability of the dirham.\u00a0<\/span><\/p>\n In June, officials pledged to \u201cclosely\u201d track whether previous easing translated into easier lending conditions before taking further steps.<\/span><\/p>\n Markets split on the outcome<\/b><\/p>\n Financial markets remain divided on Tuesday\u2019s decision. A new Attijari Global Research survey of 45 influential market participants found a slight majority leaning toward no change, while a sizable minority saw room for a quarter-point cut.\u00a0<\/span><\/p>\n Earlier this month, BMCE Capital Global Research reported a similar split among institutional investors.<\/span><\/p>\n Local economists quoted by Hespress expect caution.\u00a0 Zakaria Firano,\u00a0 a professor and senior economist at <\/span>Mohammed V University of Raba<\/span>t said decisions are based on forward-looking studies over 12\u201318 months, and inflation is projected to remain within the stability band through 2026,\u00a0 a backdrop that reduces the urgency for tighter policy.<\/span><\/p>\n Mohammed Adil Ichou , an economist cited by Hespress, called a hold at 2.25 percent the \u201cmost likely scenario,\u201d pointing to subdued domestic inflation and a global backdrop that argues against rushing into cuts.\u00a0<\/span><\/p>\n Khalid Achiban, another Moroccan analyst, said a modest 25-basis-point cut cannot be ruled out if demand slows, describing it as \u201ccautious easing rather than a shift in strategy.\u201d<\/span><\/p>\n For Moroccan households, the bank\u2019s decision translates directly into borrowing costs. If the rate is held at 2.25 percent, loans are likely to remain stable, giving families predictability as the school year begins.\u00a0<\/span><\/p>\n If the board opts for a quarter-point cut, the signal would be one of support for consumption and small business finance. A hike, seen as unlikely,\u00a0 would risk cooling non-agricultural growth just as indicators have pointed to renewed momentum.<\/span><\/p>\n The meeting also sits in a broader global cycle that affects a small, open economy like Morocco\u2019s. Europe, Morocco\u2019s largest trading partner, is navigating uneven growth, while oil prices remain hostage to geopolitics.\u00a0<\/span><\/p>\n<\/p><\/div>\n Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation<\/p>\n","protected":false},"excerpt":{"rendered":" Morocco\u2019s central bank meets Tuesday with inflation well below its own forecast, giving it room to pause while it checks whether earlier rate cuts are lowering loan costs while monitoring oil and global markets. Bank Al-Maghrib cut the key rate to 2.25% in March and held that level in June, when the board said inflation […]<\/p>\n","protected":false},"author":5,"featured_media":10374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[940,626,3092,3096,3097,1182,234,3095,9657,2065,169,3093,6202,4996,3088,4217,3094,3239,3098],"class_list":["post-10373","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american","tag-bank","tag-characters","tag-content","tag-creation","tag-dont","tag-experience","tag-expert","tag-lowinflation","tag-maghreb","tag-morocco","tag-native","tag-policy","tag-rare","tag-rephrase","tag-reviews","tag-speaker","tag-spot","tag-talk"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/10373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=10373"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/10373\/revisions"}],"predecessor-version":[{"id":10375,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/10373\/revisions\/10375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/10374"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=10373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=10373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=10373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Morocco inflation 2025\u00a0<\/b><\/h3>\n<\/p>\n
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