The Moroccan central bank held its benchmark interest rate steady at 2.25%, saying current borrowing costs were consistent with the inflation outlook.

Inflation would average 1% in 2025, following a drop in food prices, before ticking up to 1.8% next year, the bank said in a statement following its quarterly board meeting.

The forecast remains shrouded in "uncertainty", the bank said citing trade policies, repercussions of geopolitical conflicts and the performance of the domestic farming sector.

(Reporting by Ahmed Eljechtimi; Editing by Alison Williams)