A substantial majority of investors, 83%, anticipate that Morocco’s central bank, Bank Al-Maghrib (BAM), will reduce its benchmark interest rate by 25 basis points at its forthcoming policy meeting on September 24, 2023, based on a recent survey conducted by Attijari Global Research.<\/p>\n
– The survey included 35 key players in Morocco’s financial markets, indicating a strong consensus for monetary easing.
\n– Only 8% of respondents predict a more significant cut of 50 basis points, while 9% believe that the central bank will maintain current rates.<\/p>\n
This expectation aligns with a global trend where central banks are leaning towards looser monetary policies. The recent decision by the US Federal Reserve to decrease its interest rate by 50 basis points to 4.75% reflects a wider movement aimed at addressing slowing economic growth and rising unemployment.<\/p>\n
– In June, BAM made a 25-basis-point cut, lowering the key rate to 2.75%, marking its first adjustment in over a year due to easing inflationary pressures.<\/p>\n
The central bank’s decisions widely influence borrowing costs across the economy, where lower rates typically reduce credit expenses for both businesses and consumers. <\/p>\n
– In terms of inflation, Morocco’s rate peaked at 6.6% in 2022 but has since eased to 6.1% in 2023 and has stabilized recently, which is boosting investor confidence.<\/p>\n","protected":false},"excerpt":{"rendered":"
A substantial majority of investors, 83%, anticipate that Morocco’s central bank, Bank Al-Maghrib (BAM), will reduce its benchmark interest rate by 25 basis points at its forthcoming policy meeting on September 24, 2023, based on a recent survey conducted by Attijari Global Research. – The survey included 35 key players in Morocco’s financial markets, indicating […]<\/p>\n","protected":false},"author":5,"featured_media":3507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[1628,626,1629,1624,1630,1625,1627,1626,256,1631],"class_list":["post-3506","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-anticipate","tag-bank","tag-central","tag-inflation","tag-interest","tag-interest-rates","tag-investors","tag-moroccos-central-bank","tag-moroccos","tag-rates"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/3506","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=3506"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/3506\/revisions"}],"predecessor-version":[{"id":3508,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/3506\/revisions\/3508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/3507"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=3506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=3506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=3506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}