Morocco holds benchmark interest rate at 2.25%
Morocco’s central bank has kept its benchmark interest rate at 2.25%, following its quarterly board meeting on Tuesday,
According to Leila Benali, Morocco’s Minister of Energy Transition the annual investment rate in renewable energy will increase from 4 billion dirhams to 15 billion dirhams between 2024 and 2027. Morocco is looking to reduce its reliance on energy imports setting a target to increase the share of renewable energy in its electricity mix to over 52% by 2030.
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