Morocco’s central bank this Tuesday held its benchmark interest rate at 2.25% for a third consecutive meeting, saying current borrowing costs were appropriate given easing inflation domestically and global economic uncertainty.

Inflation, triggered by food prices, would average 0.8% this year, before picking up to “levels in line with the goal of price stability” at 1.3% in 2026 and 1.9% in 2027, the central bank said in a statement after its quarterly board meeting.

–Reuters–