Bank Al-Maghrib · Key rate
Morocco · MAD · Policy rate
The Bank Al-Maghrib’s Key rate is 2.25 %, last changed on 20 Mar 2025 when it was cut by 25 bp from 2.50 %.
2.25 %
- Last change
- cut −25 bp·
- Previous rate
- 2.50 %
- Next decision
- —
- Latest observation
- Source
- BIS
2.25 % ·
18 Sep 20210.00 – 3.00 %18 Sep 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 2.25 % | −25 bp | |
| 2.50 % | −25 bp | |
| 2.75 % | −25 bp | |
| 3.00 % | +50 bp | |
| 2.50 % | +50 bp | |
| 2.00 % | +50 bp | |
| 1.50 % | −50 bp | |
| 2.00 % | −25 bp | |
| 2.25 % | −25 bp |
Changes are dated by when they took effect; holds by the announcement day. We do not track this bank’s meeting calendar, so only changes are listed.
At a glance
- Economy
- Morocco
- Currency
- MAD
- Type
- Policy rate
- Set by
- Bank Al-Maghrib
- History since
- 2001
- Changes in the last 12 months
- 0
Questions and answers
- What is the current Bank Al-Maghrib interest rate?
- The Bank Al-Maghrib’s Key rate is 2.25 %, last changed on 20 Mar 2025 when it was cut by 25 bp from 2.50 %.
- When did the Bank Al-Maghrib last change its rate?
- On 20 Mar 2025, when the Key rate was cut by 25 bp to 2.25 % from 2.50 %.
- When is the next Bank Al-Maghrib rate decision?
- The bank does not publish a decision calendar that we track.
All changes since 2020
| Date | Rate | Change |
|---|---|---|
| 2.25 % | −25 bp | |
| 2.50 % | −25 bp | |
| 2.75 % | −25 bp | |
| 3.00 % | +50 bp | |
| 2.50 % | +50 bp | |
| 2.00 % | +50 bp | |
| 1.50 % | −50 bp | |
| 2.00 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Africa
Source: BIS central bank policy rates. Latest observation 31 Aug 2026. Refreshed every 30 minutes.