Morocco Keeps Rate, Sees Inflation In Line With Objective
Morocco’s central bank kept its policy rate unchanged at 3.0 percent and expects inflation to average 1.7 percent over the next 1-1/2 years, in line with the bank’s price stability objective. Bank Al-Maghrib, which has held its rate steady since March when it was cut by 25 basis points, said headline inflation [...]
Morocco’s central bank kept its policy rate unchanged at 3.0 percent and expects inflation to average 1.7 percent over the next 1-1/2 years, in line with the bank’s price stability objective.
Bank Al-Maghrib, which has held its rate steady since March when it was cut by 25 basis points, said headline inflation should hover around 1.2 percent in 2012, 1.7 percent in 2013 and 1.5 percent in the first quarter of 2014.