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Morocco’s central bank left its benchmark interest rate unchanged at 2.25 percent on Tuesday, saying current borrowing costs are in line with medium-term inflation and growth prospects.
Inflation, triggered mainly by food prices, is expected to stand at 2 percent in 2018 before easing to 1 percent in 2019 and 1.2 percent in 2020, the central bank, known as Bank Al Maghrib, said in a statement.
