Morocco lowers key interest rate to 2.25% from 2.5%

The Central Bank of Morocco cut its key interest rate to 2.25% from 2.5% during its March 2025 meeting, reducing borrowing costs back to 2022 levels following similar reductions in June and December of last year. Despite suggestions of a moderate acceleration in inflation, the central bank believes it will remain around 2% over the next two years. Inflation rose to 2% in January from 0.7% in December 2024.