Morning Brief December 18th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | CARTIER SAADA | Net income up 18% during H1 from 04/01/2024 to 09/30/2024

ECONOMIC HEADLINES

| MOROCCO | KEY RATE | BAM lowered its key rate by 25 BPS to 2.50%
Following its monetary policy meeting held on December 17th 2024, Bank Al-Maghrib decided to lower its key rate by 25 BPS at 2.50%. In terms of outlook, the Central Bank forecasts a growth rate of the Moroccan economy of 2.6% in 2024 and 3.9% in 2025.

| TOGO | INFLATION | An inflation rate of 1.3% in November 2024
According to the National Institute of Statistics and Economic and Demographic Studies (INSEED) of Togo, the National Harmo-nized Consumer Prices Index decreased by 0.1% in November 2024, compared to the previous month. On an annual basis, the inflation rate stood at 1.3%.

 

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