The National Bank of Morocco left its monetary policy rate steady at 1.5% at its March 2021 meeting, saying the monetary policy stance remains very accommodative, thereby ensuring adequate financing conditions. The Board noted that inflation remained low in 2020, as a result of disinflationary pressures stemming from demand. Still, it is projected to rise, albeit moderately, from 0.7% in 2020 to 0.9% in 2021 and 1.2% in 2022, amid the upturn in activity and the rise in international prices of oil and some food products. The economy is projected to have contracted to 7% in 2020 (vs previous -6.6%), but it is seen recovering in 2021 with growth estimated at 5.3% (vs previous 4.7%), before consolidating to 3.2% in 2022 (vs previous 3.5%). However, the Bank stressed that the economic outlook remains surrounded by a high level of uncertainty essentially related to the evolution of the pandemic, as well as the current production capacity of vaccines, and their delivery delays. source: Bank Al-Maghrib
Interest Rate in Morocco averaged 3.64 percent from 1995 until 2021, reaching an all time high of 7 percent in August of 1995 and a record low of 1.50 percent in June of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Interest Rate in Morocco is expected to be 1.50 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 1.50 in 12 months time. In the long-term, the Morocco Interest Rate is projected to trend around 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.