BANK AL MAGHRIB : Key interest rate cut by 50 bps to 1.5%
At the end of its quarterly Council meeting held on Tuesday 16 June, BANK AL-MAGHRIB now expects GDP to contract by 5.2% in 2020 (vs.+2.3% announced at the previous Council meeting), reflecting an expected decline of 4.6% in agricultural added value and 5.3% in the non-agricultural component.
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