صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس
My Press – Morocco
The Bank of Morocco decided to keep the key interest rate unchanged at the level of 2.25 percent, following its board meeting held on Tuesday, March 17, 2026, in an international context characterized by a high degree of uncertainty, especially due to geopolitical tensions in the Middle East and their repercussions on energy markets.
The Central Bank explained that these developments are not without potential impacts onNational Economy, especially through foreign exchange channels, considering that the fluctuation of energy prices constitutes one of the most prominent pressure factors related to the current international situation. He pointed out that preliminary assessments indicate that the impact of these tensions will remain relatively limited if the conflict continues for a short period, but it may expand if the crisis extends over time.
On the internal level, expectBank of MoroccoThe continued positive performance of the non-agricultural sectors, supported by investments in economic and social infrastructure, in exchange for expectations of a noticeable improvement in agricultural production as a result of the favorable climatic conditions witnessed in recent months.
Regarding inflation, the bank recorded that it remained at low levels during the current period, driven by improved supply of a number of food items and a decline in fuel prices. However, expectations in the medium term indicate the possibility of a gradual increase, especially under the assumption that oil prices will rise, as the rate is expected to reachInflationAbout 0.8 percent during the year 2026, before reaching 1.4 percent by the year 2027.
The results of the Bank Al-Maghrib quarterly survey, completed before the outbreak of recent tensions, also showed a decline in financial actors’ expectations of inflation levels, as it is expected to reach an average of 1.5 percent over the horizon of eight quarters, and 1.8 percent over the horizon of twelve quarters.
The Board of the Bank of Morocco considered that maintaining the current interest rate is consistent with the available data, in light of the continued national economic dynamism and moderate inflation expectations, in addition to the state of uncertainty that characterizes global economic prospects. The bank confirmed that it will continue to track developments in the national and international economic circumstances, especially those related to the repercussions of the situation in the Middle East, while adopting the latest updated data to make its decisions during the upcoming meetings.
Source:“My press”
