Four African central banks take policy decisions

Morocco and BEAC increase rates and Tanzania reduces liquidity while Angola cuts policy rate

africa map

Morocco: The board of the Bank of Morocco raised its benchmark rate by 50 basis points, to 2%, at its quarterly policy meeting on September 27.

This is the first change in the rate since June 2020, and the first increase since 2008.

In its press statement, the board said it acted to stem rising inflation, which had reached 8% in August. It added price rises were affecting an increasing proportion of the consumer basket of goods, saying food, fuel and lubricant prices were driving inflation.

T

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.