Morocco Central Bank Holds Benchmark Interest Rate At 2.25%Source: www.export-egypt.com 9/24/2019, Location: Africa |
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Morocco’s central bank kept its benchmark interest rate unchanged at 2.25 , saying current borrowing costs were in line with the medium-term prospects of inflation, growth and public finances.
Inflation is expected to slow to 0.7% in 2019 from 1.9% last year on the back of a drop in food prices, before picking up to 1.2% in 2020 as domestic demand improves, the bank said in a statement following its board meeting |
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