Morocco interest rateMorocco interest rateMorocco interest rate

Morocco interest rate

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Key data points


Last release
Observation period
Nov 30, 2024
Next release
Forecast
Highest
7.00% on Oct 31, 1996
Lowest
1.50% on Aug 31, 2022

About Morocco interest rate


Category
Money
Frequency
Daily
Units
%
In Morocco, interest rate decisions are taken by Morocco’s central bank, Bank al- Maghrib. The official interest rate is the key rate.

Frequently Asked Questions


Morocco interest rate is 2.75% at the moment.
Last month Morocco interest rate was 2.75%, and the month before that it amounted to 2.75%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.