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Friday, December 25, 2009

Morocco central bank holds benchmark interest rate steady

2009-12-23

Morocco's central bank on Tuesday (December 22nd) kept its benchmark rate unchanged at 3.25%, MAP reported. The Bank Al-Maghrib (BAM) statement from Rabat noted that "inflation remained moderate, notwithstanding some slight fluctuations linked to the volatility of fresh food prices". Last March, BAM cut the key interest rate from 3.5%.

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