Morocco central bank postpones meeting on rates

The bank was expected to make a decision on the benchmark interest rate currently set at 1.5%

  
A currency dealer counts Moroccan dirhams in a photo illustration at a currency exchange in Casablanca, Morocco, June 29, 2017. Image used for illustrative purposes

A currency dealer counts Moroccan dirhams in a photo illustration at a currency exchange in Casablanca, Morocco, June 29, 2017. Image used for illustrative purposes

REUTERS/Youssef Boudlal/Illustration

RABAT- Morocco's central bank said it postponed to Oct. 13 a quarterly board meeting that was due on Tuesday, citing health reasons.

The bank was expected to make a decision on the benchmark interest rate currently set at 1.5%. It cited in a statement "health reasons" for the delay, without offering further details.

(Reporting by Ahmed El Jechtimi, writing by Maher Chmaytelli, Editing by Catherine Evans) ((maher.chmaytelli@thomsonreuters.com;))


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