Morocco · Country watch
Bank Al-Maghrib Holds Rates, Medicine Prices Cut
Bank Al-Maghrib keeps the interest rate steady at 2.25%; Morocco reduces prices on nearly 300 medicines.
The picture Stable
Business conditions in Morocco remain stable with Bank Al-Maghrib maintaining interest rates and the government reducing medicine prices. These moves provide cost stability amid global economic uncertainty.
In this briefing Bank Al-Maghrib · Ministry of Health and Social Protection (Morocco) · Direction générale de la météorologie
Regulation
Bank Al-Maghrib maintains rate at 2.25%
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Bank Al-Maghrib decided to keep its benchmark interest rate unchanged at 2.25% during its third quarterly meeting in Rabat, according to Telquel. The central bank cited persistent economic uncertainty, moderate inflation forecasts, and expected growth in non-agricultural activity as reasons for maintaining the rate. This decision comes as other central banks, such as the Fed and ECB, have opted to raise their rates.
Impact Lenders and borrowers in Morocco see stable interest rates, easing cost pressures amid global monetary tightening.
Sources: Telquel ↗, yabiladi.com ↗, Aujourdhui ↗, La Vie Eco ↗
Morocco cuts prices on nearly 300 medicines
The Ministry of Health and Social Protection in Morocco has approved a reduction in prices for nearly 300 medicines, Telquel reports. This move comes less than two months after the new pharmaceutical pricing reform was published in the Bulletin officiel. The reform aims to make medications more affordable for the public, impacting both the retail and wholesale sectors.
Impact Pharmaceutical companies and retailers in Morocco must adjust to new pricing, affecting profit margins and consumer costs.
Sources: Telquel ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Weather alert: Heat and storms in Morocco
The Direction générale de la météorologie issued a weather alert for Tuesday and Wednesday, forecasting hot temperatures between 38°C and 42°C, along with thunderstorms and potential hail in several provinces, according to La Vie Eco. These conditions may affect agricultural activities and public safety in the affected regions.
Impact Farmers and public services in affected provinces face operational challenges due to extreme weather conditions.
Sources: La Vie Eco ↗, Telquel ↗
Companies
Nothing significant reported today.
Markets
Nothing significant reported today.
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Morocco
- Trésor : Le besoin de financement s’affiche à 65,9 MMDH à fin août — La Vie Eco
- الذهب يفقد مكاسبه المبكرة ويتراجع بأكثر من 1% مع ارتفاع العوائد وتشدد الفيدرالي — Agadir 24
- Le chiffre le plus important du monde — La Vie Eco
- الأمم المتحدة تصف ظاهرة "إل نينيو" بأنها "تهديد كبير" للصحة — Akhbarona
- النفط يستعيد توازنه فوق 100 دولار وسط ترقب محادثات أمريكية إيرانية محتملة — Agadir 24
- Prix des médicaments au Maroc : une première baisse attendue sur près de 300 médicaments — Aujourdhui
- إسبانيا تعزز وجودها الأمني في سبتة استعداداً للانتخابات بالمغرب — Tangier News
- يقظة أمنية ترافق دعوات لاقتحام سبتة — Hespress
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Argentina Protests UK Oil Licenses; Markets Decline
- Brazil: Senacon Targets Fuel Prices, Rio Winds Alert
- Canada: Canada's Bill C-39 and B.C. Election Called
- Germany: Evonik Job Cuts, EU-Philippines Trade Deal
- Egypt: Cybersecurity Boost, Emtelaak's New Licence
- Spain: Spain's Trade Deficit Widens, Ceuta Tensions Rise
- France: Fuel Aid Announced; Agriculture Relief Talks
- Israel: Direct Finance Expands, Iran's Hormuz Offer
- India: Fortis Legal Audit, FD Rule Changes, Textile Rally
- Iran: Iranian Airlines Halt, Dollar Surges
- Italy: Italy's Deficit Woes, Stellantis Production Halt
- Jordan: Amman Deploys Anti-Smoking Tech, Water Theft in Zarqa
- Kenya: Dangote Refinery Begins, New Pension Deadlines
- Lebanon: Fuel Prices Surge, Economic Concerns Deepen
- Malaysia: Melaka Assembly Dissolved, UPM Partners with Himalaya
- Nigeria: NEPZA Cracks Down, NSCDC Raids Illegal Factory
- Netherlands: Dutch Settlement Ban, EU Sanctions, Fire Station Break-ins
- Poland: Poland Health Reforms, Fuel Prices Surge
- Portugal: Housing Market Risks, Licensing Code Changes
- Russia: Brent Oil Rises, Used Car Imports Surge
- Senegal: Severe Weather Alert and Senelec Vandalism
- Syria: US-Syria Relations, Financial Sector Transformation
- Turkey: BIST 50 Rule Change, Istanbul Power Outages
- United States: FAA Outage Disrupts Flights, San Diego Airport Chaos
- Vietnam: Interbank Rates Surge, Vietnam-US Trade Deal Nears