Morocco: Bank Al Maghrib raises key interest rate to stem inflation
Bank Al Maghrib raises its key interest rate by 50 basis points to 3% as the High Commission for Planning reports inflation rose again to 10.1% YoY in February 2023. At its first 2023 quarterly meeting, the BAM Board of Directors said that this measure aims to prevent the emergence of self-sustaining inflationary spirals and to further strengthen the anchoring of inflation expectations to
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