Morocco keeps benchmark interest rate unchanged at 1.5 pct

2021-03-23 16:30:32 GMT2021-03-24 00:30:32(Beijing Time) Xinhua English

RABAT, March 23 (Xinhua) -- Morocco's central bank decided on Tuesday to maintain its key interest rate unchanged at 1.5 percent, saying that the monetary policy stance remains very accommodative.

Following its first quarterly meeting of the year held Tuesday, the Central Bank concluded that the current level of the policy rate remains appropriate and decided to keep it unchanged at 1.5 percent, the bank said in a release.

The bank expected Morocco's economy to grow by 5.3 percent in 2021, it added. Enditem