Fitch Ratings has revised the Outlook on Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the rating at 'BBB-'.

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

Morocco's central bank left its monetary policy rate steady at 2.25 percent and confirmed its forecast from March that inflation should average 0.6 percent this year and raised its forecast for 2020 inflation to average 1.2 percent from an earlier 1.1 percent due to an expected recovery in domestic demand.

Morocco's central bank left its monetary policy rate steady at 2.25 percent and once again lowered its forecast for inflation and economic growth.