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Morocco cbank cuts reserve requirements to add liquidity

September 26, 2012 Comments Off on Morocco cbank cuts reserve requirements to add liquidity

September 26, 2012, 8:00 am

By Souhail Karam
RABAT (Reuters) – Morocco’s central bank cut its reserve requirements by a third on Tuesday to ease a chronic domestic liquidity squeeze amid slackening economic growth, while keeping its main interest rate unchanged at 3 percent.

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