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Abdellatif Jouahri

Governor, Bank Al-Maghrib

Search every verified Abdellatif Jouahri interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. On July 14, 2026, Jouahri presented the central bank's annual report for 2025 to King Mohammed VI at the Royal Palace in Tetouan. He reported that the national economy improved in 2025, with growth reaching 4.9 percent, supported by significant investment, while inflation stabilized at a low average of 0.8 percent. Jouahri noted a gap between economic performance measured scientifically and citizens' perceptions, attributing this discrepancy primarily to the fact that employment had not yet seen the expected improvement. He also stated that the central bank continued its management approach by lowering the key interest rate to 2.25 percent and meeting all bank liquidity requests. At a press conference on June 23, 2026, Jouahri announced that the Bank Al-Maghrib board had decided to keep the key interest rate unchanged at 2.25 percent. He stated that the board planned to present a full dossier on inflation targeting in September, conduct a simulation in December, and officially move to inflation targeting starting the following year. Jouahri also discussed the impact of the Middle East conflict on supply chains and inflation, and noted that a recent U.S.-Iran agreement could lead to a gradual normalization of maritime transport.

Recent appearances

Notable quotes

“Nous prévoyons de présenter le dossier au conseil dans toutes ces composantes au conseil de la banque en septembre et nous pouvons faire une simulation à blanc en décembre et ouvrir la voie au ciblage de façon officielle à partir de l'année prochaine en touchant du bois.”

“First and foremost, the de facto independence of the central bank was crucial; it later was formally enshrined in law, giving the central bank an objective and influential standing because it wasn't tied to any political parties.”

“Our price objective in our mind is close to 2%, and monetary policy will continue to be important because residents do not have the ability to freely carry out capital operations.”

“Given all of these elements, the council judged that the current level of the policy rate remains appropriate and decided to keep it unchanged at 2.25%.”

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