FX.co ★ Morocco Holds Policy Rate for 4th Meeting

At its regular meeting on March 17, 2026, the National Bank of Morocco left its benchmark interest rate unchanged at 2.25%, marking a fourth consecutive pause. Policymakers cited solid economic activity, contained inflation, and elevated global uncertainty as the main reasons for maintaining the rate. Since November, Morocco has experienced mild deflation, driven by robust agricultural production and lower global energy prices.