Morocco’s Central Bank cuts benchmark rate for the second time in 6 months

Morocco’s Central Bank cuts benchmark rate for the second time in 6 months

Morocco’s Central Bank cuts benchmark rate for the second time in 6 months

The Central Bank of Morocco recently announced that it has cut its benchmark interest rate by 50 basis points to 1.5%. This measure, which is the second rate reduction since the beginning of the year, is aimed at stimulating the country’s economic growth slowed by the coronavirus pandemic.

For more information, please see https://www.ecofinagency.com/public-management/1706-41487-morocco-s-central-bank-cuts-benchmark-rate-for-the-second-time-in-6-months

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