The Board of Bank Al-Maghrib (BAM), meeting Tuesday in Rabat, decided to raise the key rate by 50 basis points (bps) to 3%.
“To prevent the onset of self-perpetuating inflationary spirals and further strengthen the anchoring of inflation expectations with a view to encouraging its return to levels in line with the objective of price stability, the Board decided to raise the policy rate by 50 basis points (bps) to 3%, while continuing to closely monitor economic developments and inflationary pressures, both domestically and internationally, BAM said in a statement to the from the first quarterly meeting, for the year 2023.
Related posts:
state aid of 100 euros extended and here's how to take advantage of it! – Tuxboard
The government flies to the aid of "organic" and releases 60 million euros
The Solar Panel Recycling Revolution: Tackling Waste and Environmental Impact
1,215 billion dirhams, net international reserves of the banking sector
the sector confident with the rise in holidaymaker budgets
Germany's economy will slow down in 2022
Japan keeps monetary policy unchanged
Diesel and heating oil are on the rise again this Thursday