Morocco's central bank has halted monetary tightening measures, leaving benchmark interest rates unchanged at three percent, after raising them three times in a row to curb inflation.
Morocco's central bank has forecast inflation rates to reach 6.2 percent this year, before falling to 3.8 percent next year. While the Moroccan economy is expected to grow 2.4 percent this year, and 3.3 percent next year, after growing 1.3 percent in 2022.
Morocco's High Commission for Planning revealed that annual consumer price inflation slowed to 7.1 percent in May, from 7.8 percent the previous month.
Source (Asharq Al-Awsat Newspaper, Edited)
