Saudi inflation rose further in November but there were tentative signs that some of the recent drivers of higher price pressures are fading and we expect the headline rate to drop back towards 1% by end-2025. Elsewhere, Morocco’s central bank duly delivered a 25bp cut to its policy interest rate, to 2.50%, this week – as we had predicted – amid weak inflation pressures. We think more monetary loosening lies in store in 2025.
Note: This will be the last Middle East & North Africa Economics Weekly for 2024. The next Weekly will be sent on Thursday 9th January 2025.
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