Morocco's central bank raised its benchmark interest rate by 50 basis points to 3 percent on Tuesday.

Morocco's central bank postponed the release of its monetary policy decision until Oct. 13 from today due to health reasons, the bank said on its website.

Moroccan banks’ profitability recovered strongly in 1Q21 with loan impairment charges (LICs) easing and contributions to Morocco’s Covid-19 relief fund having ended, but full recovery to pre-pandemic levels is unlikely until at least 2022, Fitch Ratings says.

Fitch Ratings has affirmed Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook.