Morocco’s central bank, Bank Al-Maghrib, maintained its key interest rate at 2.25% during its June 23rd meeting, a move widely anticipated by financial markets. Despite the expected decision, investors are now focused on how long the bank can sustain this policy given accelerating credit growth and ongoing global economic pressures. External tensions, particularly regarding inflation and oil prices, continue to be significant factors. A recent survey by BKGR indicates that 90% of institutional investors predict the rate will remain unchanged through the end of 2026. The decision reflects a cautious approach amidst a complex economic landscape. Market attention has shifted to monitoring these external factors and their potential impact on Morocco’s economy. The central bank’s future actions will likely depend on the evolution of these conditions.