Inflation: BAM tightens its monetary policy

In an attempt to curb galloping inflation, the Board of Bank Al-Maghrib (BAM) increased the key rate by 50 basis points to 2%. The decision was made during the meeting held on Tuesday, September 27. Under these conditions, going into debt will become more expensive for all economic players. This should result in a decrease in demand for goods and services and subsequently in prices. This is the normal or ideal scenario, except that in Morocco, inflation is mainly imported, the country sourcing energy and food products, especially cereals, from abroad...