Morocco's central bank postpones policy decision to Oct. 13

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By Central Bank News Published: September 29, 2021 10:43 AM

Morocco's central bank postponed the release of its monetary policy decision until Oct. 13 from today due to health reasons, the bank said on its website.


The Bank of Morocco, or Bank Al-Maghrib (BAM) has maintained its policy rate at 1.5 percent since June last year when it was cut for the second time in 2020 by a total of 75 basis points to provide support to the economy during the COVID-19 pandemic.


Analysts expect BAM to maintain its rate this year as inflation has remained low, falling to 0.8 percent in August after hitting a 3-year high of 2.2 percent in July.

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