Bank Al-Maghrib’s Final 2025 Meeting Expected to Maintain Key Interest Rate

The fourth and final Board meeting of Bank Al-Maghrib for 2025, set for next Tuesday, is expected to leave the key interest rate unchanged, according to BMCE Capital Global Research. The institution believes that Bank Al-Maghrib will maintain the current rate to secure recent progress and preserve flexibility going into 2026, the year planned for the shift to an inflation-targeting framework.

Bank Al-Maghrib Maintains Its Monetary Course

The meeting of Bank Al-Maghrib comes at a time when Morocco’s economy is displaying notable strength, with steady growth, controlled inflation, and positive economic indicators. At the same time, global geopolitical and economic tensions continue to cloud short-term visibility.

BMCE Capital Global Research conducted a survey of Moroccan institutional investors as part of its analysis. The results showed divided expectations: half of respondents foresee no change in the interest rate, while the other half anticipate a rate cut. A strong majority—80%—believe the Bank Al-Maghrib’s target rate for 2026 should be 2%. Additionally, all respondents indicated they plan to favor the Equity market in their asset allocation in response to their expectations for monetary policy.

__

(Featured image by Jason Briscoe via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.