Price pressures subside as Morocco holds interest rates
Headline inflation expected to average 2.1% by year end, central banks says
The Central Bank of Morocco revised its inflation forecasts at its latest monetary policy meeting, in which the board chose to leave interest rates unchanged at 2.25%.
Headline inflation is expected to “decelerate” in the second half of 2018, after increasing “significantly” in the first six months of the year, largely driven by an increase in food prices and regulated prices, the central bank said on September 25.
The central bank has adjusted its inflation forecasts as a result, to an
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