June 20, 2017 / 1:29 PM / a month ago

Morocco cenbank keeps benchmark rate unchanged at 2.25 pct

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RABAT, June 20 (Reuters) - Morocco's central bank kept its benchmark interest rate unchanged at 2.25 percent on Tuesday, saying the current level remains appropriate.

The bank, known as Bank al-Maghrib, said it expected inflation to stay at 0.9 percent in 2017 and would accelerate to 1.6 percent in 2018. (Reporting By Samia Errazzouki; editing by Patrick Markey)

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