Rising interest rates: Banks are getting ready
Tince the announcement of the second key rate increase by the central Bank, Bank Al-Maghrib, decided in December 2022 (50 basis points bringing the key rate to 2.50%), everyone expects the banks to pass it on their own rates. According to information collected by l’Economiste, the increase in lending rates should vary between 25 to 30 basis points for certain institutions, while for others the hike can range from 75 to 100 basis points, depending on several factors, including risk assessment...