Morocco’s central bank lowered interest rates by 25 bps to 2.75%, the first cut in four years, driven by success in reducing inflation from a high of over 10% in February 2023 to just 0.4%. The bank forecasts economic growth at 2.8% for 2024 and anticipates inflation rates of 1.5% in 2024 and 2.7% in 2025, with a gradual rise in FX reserves.