Makrognosis

Morocco Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in force

MonthlyNot seasonally adjustedCode MA.IR.M.NSA

Latest2.2%October 2026
Previous2.2%September 2026
Year ago2.2%October 2025

Morocco Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in force was 2.2% in October 2026, unchanged from September 2026 and unchanged from a year earlier.

Over the past ten years it has ranged from 1.5% (Jul 2020) to 3.0% (Apr 2023), averaging 2.2%.

Morocco Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in force (% p.a.), Dec 2006 – Oct 20261.5%2.0%2.5%3.0%3.5%2010201520202025Robomacro
Morocco Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in force (% p.a.), Dec 2006 – Oct 2026. Source: Bank Al-Maghrib (Morocco).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
October 20262.2%
September 20262.2%
August 20262.2%
July 20262.2%
June 20262.2%
May 20262.2%
April 20262.2%
March 20262.2%
February 20262.2%
January 20262.2%
December 20252.2%
November 20252.2%
October 20252.2%
September 20252.2%
August 20252.2%
July 20252.2%
June 20252.2%
May 20252.2%
April 20252.2%
March 20252.4%
February 20252.5%
January 20252.5%
December 20242.6%
November 20242.8%

Last 24 observations. The full history (239 observations) is available through the API.

Get Morocco Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in force in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/MA.IR.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/MA.IR.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationDecember 2006
Observations239
FrequencyMonthly
Units% p.a.
AdjustmentNot seasonally adjusted
10-year high3.0% (Apr 2023)
10-year low1.5% (Jul 2020)
10-year average2.2%
Source agencyBank Al-Maghrib (Morocco)
Makrognosis codeMA.IR.M.NSA

This series is a labelled reference series (an official figure republished by an aggregator) rather than a first print from the agency itself.

Other Morocco indicators

Morocco Inflation Rate (CPI)Morocco 10-Year Government Bond YieldMorocco Credit Rating & Sovereign Risk ScoreMorocco Government Debt to GDPMorocco MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rateMorocco Sovereign Bond Spread vs US TreasuriesMorocco Treasury direct debt, MAD billion (BAM Annual Report Table 1.5.4 year-end)

FAQ

What is the current bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in force in Morocco?
The latest reading is 2.2% for October 2026, published by Bank Al-Maghrib (Morocco).
Where does this data come from?
It is collected directly from Bank Al-Maghrib (Morocco) and is available through the Makrognosis API under the code MA.IR.M.NSA.

Last updated 2026-11-12. Source: Bank Al-Maghrib (Morocco). Original title: “Morocco: Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in force”.