Morocco

Morocco’s central bank held its interest rate at 2.75%, opting to assess the impacts of a recent unexpected rate cut on inflation, which remains above the target. The country is navigating recovery efforts post-earthquake and anticipates increased public investment as it prepares for significant events like co-hosting the 2030 World Cup. Inflation stood at 1.7% YoY in August, still above the 1.3% target set for 2024.