Morocco: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 3.2 percent as of June 2024, an increase compared to the previous value of 3.03 percent. Historically, the average for Morocco from January 2016 to June 2024 is 2.93 percent. The minimum of 2.21 percent was recorded in October 2021, while the maximum of 3.71 percent was reached in January 2016.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank Al Maghrib
Recent values | Morocco: Bank deposit interest rate, percent |
---|---|
2024  Jun | 3.2 |
2024  May | 3.03 |
2024  Apr | 2.96 |
2024  Mar | 2.82 |
2024  Feb | 2.95 |
2024  Jan | 2.81 |
2023  Dec | 3.05 |
2023  Nov | 2.65 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Inflation | 6.1 | 2023 | percent |
Exchange rate regimes | 4 | 2022 | index points |
USD exchange rate | 9.8413 | 10/2024 | Local Currency Units per USD |
Money supply (broad money) | 1,555.79 | 9/2024 | billion |
Consumer Price Index (CPI) | 142.8801 | 9/2024 | index points |
Inflation, monthly | 0.00 | 9/2024 | percent |
Inflation, annual | 0.69 | 9/2024 | percent |
Private sector credit | 843.02 | 9/2024 | billion |
Business credit | 444.98 | 9/2024 | billion |
Household credit | 398.04 | 9/2024 | billion |
Mortgage credit | 307.52 | 9/2024 | billion |
Consumer credit | 90.52 | 9/2024 | billion |
Deposit interest rate | 3.20 | 6/2024 | percent |
Policy rate | 2.75 | 8/2024 | percent |