The National Bank of Morocco kept its monetary policy rate on hold at 2.25 percent at its September 25th 2018 meeting. Policymakers noted a significant rise in the inflation rate in the first half of the year, mainly boosted by higher cost of food products and commodities. The inflation is expected to decelerate in the second half to end the year at an average of 2.1 percent while for 2019 it is expected to return to 1.2 percent. The annual core inflation rate is seen approaching 1 percent in 2018 and 1.2 percent in 2019. The Committee added that the GDP growth slowed to 3.2 percent in the first quarter of the year from a 3.5 percent expansion in the same period of the previous year and it is projected to advance 3.5 percent in 2018 and 3.1 percent in 2019. Interest Rate in Morocco averaged 3.82 percent from 1995 until 2018, reaching an all time high of 7 percent in August of 1995 and a record low of 2.25 percent in March of 2016.

Interest Rate in Morocco is expected to be 2.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Morocco to stand at 2.00 in 12 months time. In the long-term, the Morocco Interest Rate is projected to trend around 1.75 percent in 2020, according to our econometric models.

Morocco Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-19 01:15 PM Interest Rate Decision 2.25% 2.25% 2.25%
2018-03-20 01:30 PM Interest Rate Decision 2.25% 2.25% 2.25%
2018-06-19 12:50 PM Interest Rate Decision 2.25% 2.25% 2.25%
2018-09-25 01:20 PM Interest Rate Decision 2.25% 2.25% 2.25%
2018-12-18 01:30 PM Interest Rate Decision 2.25% 2.25%


Morocco Money Last Previous Highest Lowest Unit
Interest Rate 2.50 2.50 7.00 2.25 percent [+]
Money Supply M1 826478.00 837523.00 837523.00 35506.00 MAD Million [+]
Money Supply M2 985189.00 995702.00 995702.00 38311.00 MAD Million [+]
Money Supply M3 1298238.00 1287433.00 1298238.00 51850.00 MAD Million [+]
Foreign Exchange Reserves 227538.00 228127.00 257387.00 52221.00 MAD Million [+]
Banks Balance Sheet 1342373.00 1346029.00 1346029.00 360422.93 MAD Million [+]
Deposit Interest Rate 3.10 3.50 8.50 3.10 percent [+]
Central Bank Balance Sheet 311755.00 321575.00 321575.00 118725.88 MAD Million [+]


Morocco Interest Rate

In Morocco, interest rate decisions are taken by Morocco’s central bank, Bank al- Maghrib. The official interest rate is the key rate. This page provides the latest reported value for - Morocco Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Morocco Interest Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.50 7.00 2.25 1995 - 2018 percent Daily




Country Last Previous
Argentina 59.23 Dec/18
Turkey 24.00 Nov/18
Mexico 8.00 Nov/18
Russia 7.50 Nov/18
South Africa 6.75 Nov/18
Brazil 6.50 Nov/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Nov/18
France 0.00 Nov/18
Germany 0.00 Nov/18
Italy 0.00 Nov/18
Netherlands 0.00 Nov/18
Spain 0.00 Nov/18
Japan -0.10 Nov/18
Switzerland -0.75 Nov/18


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