Morocco's central bank, Bank Al-Maghrib, has decided to maintain its key interest rate at 2.25%. The decision was announced following the bank's quarterly board meeting on Tuesday, March 17, 2026.
The bank's board cited a continued decline in inflation as a primary factor for holding the rate steady. Consumer price inflation has fallen significantly from its peak, aligning with the bank's target range.
In its statement, Bank Al-Maghrib noted that the domestic economic outlook remains positive, supported by a rebound in agricultural production and sustained activity in other sectors. The board also highlighted ongoing uncertainties in the global economic environment.
The decision marks a period of monetary policy stability, with the key rate remaining unchanged for several consecutive quarters. The bank indicated it will continue to monitor both domestic and international economic developments closely.
