Economic forecasts are pointing toward a likely scenario of lowering the main interest rate during the upcoming meeting of the Moroccan central bank, Bank Al-Maghrib, scheduled for Tuesday, September 24. This follows global signals, most notably from the U.S. Federal Reserve, which announced a half-point interest rate cut, citing growing confidence in curbing inflation.

Mirroring the actions of global and regional central banks, such as those in the Gulf states, which have also reduced their key interest rates, the Moroccan central bank is expected to take steps toward further monetary easing in its third quarterly meeting of the year.

Policymakers from the U.S. Federal Reserve, in their latest statement, expressed increased confidence that inflation is moving toward the 2% target and noted that risks to achieving both employment and inflation goals are now more balanced.