FINANCIAL MARKET HEADLINES
| MOROCCO | SANLAM MAROC | Net income up 16% in H1 2023
ECONOMIC HEADLINES
| MOROCCO | GDP | The Finance Act forecasts a growth rate of 3.7% in 2024
According to the 2024 Finance Act, the growth rate of the Moroccan economy should stand at 3.7% in 2024, after an estimated growth of 3.4% in 2023. This takes into account an increase of 5.9% in crop value added and 3.4% in non-crop value added.
| WEAMU | KEY RATE | The BCEAO raises its key rates by 25 BPS
BCEAO Monetary Policy Committee held its ordinary meeting on September 6th. The latter decided to increase the Central Bank's key rates by 25 BPS, starting from September 16th 2023. Thus, the main key rate at which the Central Bank lends its resources to banks increases from 3.00% to 3.25%.
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