Morocco holds rate, raises inflation & growth forecast
The board of BAM, which postponed its third monetary policy meeting from Sept. 28 until today due to health reasons, noted Morocco’s progress in rolling out vaccinations, the continued recovery of economic activity and the trend toward moderate inflation despite a rise in external inflationary pressures.
After rising to 2.2 percent in August, Morocco’s headline inflation eased to 0.8 percent in August as the cost of food products declined.
This forecast is up from BAM’s forecast in June of 1.0 percent headline inflation this year and underlying inflation of 1.2 percent.
In 2020 headline inflation in Morocco averaged 0.7 percent and underlying inflation averaged 0.5 percent.
For 2022 BAM forecast headline inflation of 1.6 percent and underlying inflation of 2.1 percent, up from June’s forecast of 1.2 percent and 1.5 percent, respectively.
Source: http://www.centralbanknews.info/2021/10/morocco-holds-rate-raises-inflation.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).