Morocco Cuts Rates to Record Low to Cushion Economy From Virus

“Morocco made its second-straight interest rate cut of 2020, pumping more stimulus into the tourism-reliant economy as it gradually emerges from a three-month lockdown. The benchmark rate was reduced by 50 basis points to a record low 1.5%, the central bank said Tuesday in a statement. It extends an easing cycle that began in March, when the institution cut 25 basis points.”

via Bloomberg