Morocco's central bank left its key policy rate steady at 2.50 percent, saying inflation is expected to remain in line with its objective and hit an average of 1.8 percent this year and 1.5 percent over the next six quarters.
The Bank of Morocco, which has left its rate unchanged this year, added that its decision to maintain its rate also took into consideration "the uncertainties still surround both the national and international outlook."
Morocco's inflation rate eased to 1.7 percent in August from 2.4 percent in July, mainly reflecting a slower increase in prices of regulated goods, excluding fuel and lubricants.
Core inflation edged up to 1.5 percent from 1.4 percent, with a slight acceleration in the prices of non tradable goods and a stability in the prices of tradable goods. Industrial producer prices continued to trend downwards, falling 3.7 percent in July, the bank said.