Data / Central bank policy rate / Morocco

Central bank policy rate in Morocco

Central bank policy rate in Morocco was 2.25% in August 2026, according to Bank for International Settlements. That is unchanged from August 2025. That is the 30th highest of 36 countries in July 2026.

August 20262.25%
Change on August 20250 pts
Rank30th of 36Countries ranked
Series high5January 2001
Series low1.5June 2020

Central bank policy rate in Morocco, January 2001 to August 2026

CSVChart (SVG)

123452001-012004-092008-052012-012015-092019-052023-012026-082001-01: 5 %2001-02: 5 %2001-03: 4.75 %2001-04: 4.75 %2001-05: 4.75 %2001-06: 4.75 %2001-07: 4.75 %2001-08: 4.75 %2001-09: 4.75 %2001-10: 4.75 %2001-11: 4.25 %2001-12: 4.25 %2002-01: 4.25 %2002-02: 4.25 %2002-03: 3.75 %2002-04: 3.75 %2002-05: 3.75 %2002-06: 3.75 %2002-07: 3.75 %2002-08: 3.75 %2002-09: 3.75 %2002-10: 3.75 %2002-11: 3.75 %2002-12: 3.25 %2003-01: 3.25 %2003-02: 3.25 %2003-03: 3.25 %2003-04: 3.25 %2003-05: 3.25 %2003-06: 3.25 %2003-07: 3.25 %2003-08: 3.25 %2003-09: 3.25 %2003-10: 3.25 %2003-11: 3.25 %2003-12: 3.25 %2004-01: 3.25 %2004-02: 3.25 %2004-03: 3.25 %2004-04: 3.25 %2004-05: 3.25 %2004-06: 3.25 %2004-07: 3.25 %2004-08: 3.25 %2004-09: 3.25 %2004-10: 3.25 %2004-11: 3.25 %2004-12: 3.25 %2005-01: 3.25 %2005-02: 3.25 %2005-03: 3.25 %2005-04: 3.25 %2005-05: 3.25 %2005-06: 3.25 %2005-07: 3.25 %2005-08: 3.25 %2005-09: 3.25 %2005-10: 3.25 %2005-11: 3.25 %2005-12: 3.25 %2006-01: 3.25 %2006-02: 3.25 %2006-03: 3.25 %2006-04: 3.25 %2006-05: 3.25 %2006-06: 3.25 %2006-07: 3.25 %2006-08: 3.25 %2006-09: 3.25 %2006-10: 3.25 %2006-11: 3.25 %2006-12: 3.25 %2007-01: 3.25 %2007-02: 3.25 %2007-03: 3.25 %2007-04: 3.25 %2007-05: 3.25 %2007-06: 3.25 %2007-07: 3.25 %2007-08: 3.25 %2007-09: 3.25 %2007-10: 3.25 %2007-11: 3.25 %2007-12: 3.25 %2008-01: 3.25 %2008-02: 3.25 %2008-03: 3.25 %2008-04: 3.25 %2008-05: 3.25 %2008-06: 3.5 %2008-07: 3.5 %2008-08: 3.5 %2008-09: 3.5 %2008-10: 3.5 %2008-11: 3.5 %2008-12: 3.5 %2009-01: 3.5 %2009-02: 3.5 %2009-03: 3.25 %2009-04: 3.25 %2009-05: 3.25 %2009-06: 3.25 %2009-07: 3.25 %2009-08: 3.25 %2009-09: 3.25 %2009-10: 3.25 %2009-11: 3.25 %2009-12: 3.25 %2010-01: 3.25 %2010-02: 3.25 %2010-03: 3.25 %2010-04: 3.25 %2010-05: 3.25 %2010-06: 3.25 %2010-07: 3.25 %2010-08: 3.25 %2010-09: 3.25 %2010-10: 3.25 %2010-11: 3.25 %2010-12: 3.25 %2011-01: 3.25 %2011-02: 3.25 %2011-03: 3.25 %2011-04: 3.25 %2011-05: 3.25 %2011-06: 3.25 %2011-07: 3.25 %2011-08: 3.25 %2011-09: 3.25 %2011-10: 3.25 %2011-11: 3.25 %2011-12: 3.25 %2012-01: 3.25 %2012-02: 3.25 %2012-03: 3 %2012-04: 3 %2012-05: 3 %2012-06: 3 %2012-07: 3 %2012-08: 3 %2012-09: 3 %2012-10: 3 %2012-11: 3 %2012-12: 3 %2013-01: 3 %2013-02: 3 %2013-03: 3 %2013-04: 3 %2013-05: 3 %2013-06: 3 %2013-07: 3 %2013-08: 3 %2013-09: 3 %2013-10: 3 %2013-11: 3 %2013-12: 3 %2014-01: 3 %2014-02: 3 %2014-03: 3 %2014-04: 3 %2014-05: 3 %2014-06: 3 %2014-07: 3 %2014-08: 3 %2014-09: 2.75 %2014-10: 2.75 %2014-11: 2.75 %2014-12: 2.5 %2015-01: 2.5 %2015-02: 2.5 %2015-03: 2.5 %2015-04: 2.5 %2015-05: 2.5 %2015-06: 2.5 %2015-07: 2.5 %2015-08: 2.5 %2015-09: 2.5 %2015-10: 2.5 %2015-11: 2.5 %2015-12: 2.5 %2016-01: 2.5 %2016-02: 2.5 %2016-03: 2.25 %2016-04: 2.25 %2016-05: 2.25 %2016-06: 2.25 %2016-07: 2.25 %2016-08: 2.25 %2016-09: 2.25 %2016-10: 2.25 %2016-11: 2.25 %2016-12: 2.25 %2017-01: 2.25 %2017-02: 2.25 %2017-03: 2.25 %2017-04: 2.25 %2017-05: 2.25 %2017-06: 2.25 %2017-07: 2.25 %2017-08: 2.25 %2017-09: 2.25 %2017-10: 2.25 %2017-11: 2.25 %2017-12: 2.25 %2018-01: 2.25 %2018-02: 2.25 %2018-03: 2.25 %2018-04: 2.25 %2018-05: 2.25 %2018-06: 2.25 %2018-07: 2.25 %2018-08: 2.25 %2018-09: 2.25 %2018-10: 2.25 %2018-11: 2.25 %2018-12: 2.25 %2019-01: 2.25 %2019-02: 2.25 %2019-03: 2.25 %2019-04: 2.25 %2019-05: 2.25 %2019-06: 2.25 %2019-07: 2.25 %2019-08: 2.25 %2019-09: 2.25 %2019-10: 2.25 %2019-11: 2.25 %2019-12: 2.25 %2020-01: 2.25 %2020-02: 2.25 %2020-03: 2 %2020-04: 2 %2020-05: 2 %2020-06: 1.5 %2020-07: 1.5 %2020-08: 1.5 %2020-09: 1.5 %2020-10: 1.5 %2020-11: 1.5 %2020-12: 1.5 %2021-01: 1.5 %2021-02: 1.5 %2021-03: 1.5 %2021-04: 1.5 %2021-05: 1.5 %2021-06: 1.5 %2021-07: 1.5 %2021-08: 1.5 %2021-09: 1.5 %2021-10: 1.5 %2021-11: 1.5 %2021-12: 1.5 %2022-01: 1.5 %2022-02: 1.5 %2022-03: 1.5 %2022-04: 1.5 %2022-05: 1.5 %2022-06: 1.5 %2022-07: 1.5 %2022-08: 1.5 %2022-09: 2 %2022-10: 2 %2022-11: 2 %2022-12: 2.5 %2023-01: 2.5 %2023-02: 2.5 %2023-03: 3 %2023-04: 3 %2023-05: 3 %2023-06: 3 %2023-07: 3 %2023-08: 3 %2023-09: 3 %2023-10: 3 %2023-11: 3 %2023-12: 3 %2024-01: 3 %2024-02: 3 %2024-03: 3 %2024-04: 3 %2024-05: 3 %2024-06: 2.75 %2024-07: 2.75 %2024-08: 2.75 %2024-09: 2.75 %2024-10: 2.75 %2024-11: 2.75 %2024-12: 2.5 %2025-01: 2.5 %2025-02: 2.5 %2025-03: 2.25 %2025-04: 2.25 %2025-05: 2.25 %2025-06: 2.25 %2025-07: 2.25 %2025-08: 2.25 %2025-09: 2.25 %2025-10: 2.25 %2025-11: 2.25 %2025-12: 2.25 %2026-01: 2.25 %2026-02: 2.25 %2026-03: 2.25 %2026-04: 2.25 %2026-05: 2.25 %2026-06: 2.25 %2026-07: 2.25 %2026-08: 2.25 %
%. Source: BIS. Retrieved 2026-10-09.
All 308 values
Period%
2026-082.25
2026-072.25
2026-062.25
2026-052.25
2026-042.25
2026-032.25
2026-022.25
2026-012.25
2025-122.25
2025-112.25
2025-102.25
2025-092.25
2025-082.25
2025-072.25
2025-062.25
2025-052.25
2025-042.25
2025-032.25
2025-022.5
2025-012.5
2024-122.5
2024-112.75
2024-102.75
2024-092.75
2024-082.75
2024-072.75
2024-062.75
2024-053
2024-043
2024-033
2024-023
2024-013
2023-123
2023-113
2023-103
2023-093
2023-083
2023-073
2023-063
2023-053
2023-043
2023-033
2023-022.5
2023-012.5
2022-122.5
2022-112
2022-102
2022-092
2022-081.5
2022-071.5
2022-061.5
2022-051.5
2022-041.5
2022-031.5
2022-021.5
2022-011.5
2021-121.5
2021-111.5
2021-101.5
2021-091.5
2021-081.5
2021-071.5
2021-061.5
2021-051.5
2021-041.5
2021-031.5
2021-021.5
2021-011.5
2020-121.5
2020-111.5
2020-101.5
2020-091.5
2020-081.5
2020-071.5
2020-061.5
2020-052
2020-042
2020-032
2020-022.25
2020-012.25
2019-122.25
2019-112.25
2019-102.25
2019-092.25
2019-082.25
2019-072.25
2019-062.25
2019-052.25
2019-042.25
2019-032.25
2019-022.25
2019-012.25
2018-122.25
2018-112.25
2018-102.25
2018-092.25
2018-082.25
2018-072.25
2018-062.25
2018-052.25
2018-042.25
2018-032.25
2018-022.25
2018-012.25
2017-122.25
2017-112.25
2017-102.25
2017-092.25
2017-082.25
2017-072.25
2017-062.25
2017-052.25
2017-042.25
2017-032.25
2017-022.25
2017-012.25
2016-122.25
2016-112.25
2016-102.25
2016-092.25
2016-082.25
2016-072.25
2016-062.25
2016-052.25
2016-042.25
2016-032.25
2016-022.5
2016-012.5
2015-122.5
2015-112.5
2015-102.5
2015-092.5
2015-082.5
2015-072.5
2015-062.5
2015-052.5
2015-042.5
2015-032.5
2015-022.5
2015-012.5
2014-122.5
2014-112.75
2014-102.75
2014-092.75
2014-083
2014-073
2014-063
2014-053
2014-043
2014-033
2014-023
2014-013
2013-123
2013-113
2013-103
2013-093
2013-083
2013-073
2013-063
2013-053
2013-043
2013-033
2013-023
2013-013
2012-123
2012-113
2012-103
2012-093
2012-083
2012-073
2012-063
2012-053
2012-043
2012-033
2012-023.25
2012-013.25
2011-123.25
2011-113.25
2011-103.25
2011-093.25
2011-083.25
2011-073.25
2011-063.25
2011-053.25
2011-043.25
2011-033.25
2011-023.25
2011-013.25
2010-123.25
2010-113.25
2010-103.25
2010-093.25
2010-083.25
2010-073.25
2010-063.25
2010-053.25
2010-043.25
2010-033.25
2010-023.25
2010-013.25
2009-123.25
2009-113.25
2009-103.25
2009-093.25
2009-083.25
2009-073.25
2009-063.25
2009-053.25
2009-043.25
2009-033.25
2009-023.5
2009-013.5
2008-123.5
2008-113.5
2008-103.5
2008-093.5
2008-083.5
2008-073.5
2008-063.5
2008-053.25
2008-043.25
2008-033.25
2008-023.25
2008-013.25
2007-123.25
2007-113.25
2007-103.25
2007-093.25
2007-083.25
2007-073.25
2007-063.25
2007-053.25
2007-043.25
2007-033.25
2007-023.25
2007-013.25
2006-123.25
2006-113.25
2006-103.25
2006-093.25
2006-083.25
2006-073.25
2006-063.25
2006-053.25
2006-043.25
2006-033.25
2006-023.25
2006-013.25
2005-123.25
2005-113.25
2005-103.25
2005-093.25
2005-083.25
2005-073.25
2005-063.25
2005-053.25
2005-043.25
2005-033.25
2005-023.25
2005-013.25
2004-123.25
2004-113.25
2004-103.25
2004-093.25
2004-083.25
2004-073.25
2004-063.25
2004-053.25
2004-043.25
2004-033.25
2004-023.25
2004-013.25
2003-123.25
2003-113.25
2003-103.25
2003-093.25
2003-083.25
2003-073.25
2003-063.25
2003-053.25
2003-043.25
2003-033.25
2003-023.25
2003-013.25
2002-123.25
2002-113.75
2002-103.75
2002-093.75
2002-083.75
2002-073.75
2002-063.75
2002-053.75
2002-043.75
2002-033.75
2002-024.25
2002-014.25
2001-124.25
2001-114.25
2001-104.75
2001-094.75
2001-084.75
2001-074.75
2001-064.75
2001-054.75
2001-044.75
2001-034.75
2001-025
2001-015

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.MA?format=csv. Retrieved 2026-10-09.

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Questions

What is the central bank policy rate in Morocco?

Central bank policy rate in Morocco was 2.25% in August 2026, according to Bank for International Settlements. That is unchanged from August 2025. That is the 30th highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in Morocco?

5% in January 2001, the highest value since January 2001 in this series.

More statistics for Morocco

All statistics for Morocco