مدي 1 تي في : النشرة الاقتصادية - 21/12/2024
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NewsTranscript
00:00Welcome to this week's episode of Economic News.
00:11Let's start with this week's national news.
00:14The Moroccan Central Bank's decision in its fourth meeting in 2024
00:18to lower the principal interest rate by 25 points to 2.5 points
00:22was made by the Moroccan Central Bank in Balaghan
00:24in its third meeting in 2024.
00:28This decision is considered a huge development in the level of cooperation
00:32with the goal of stabilizing prices and strong suspicions
00:34surrounding the region as long as it is intermediate, especially internationally.
00:41The Financial Law for 2025 was issued
00:44as promised by the Parliament in the official newspaper
00:47on the 19th of December.
00:50The Financial Law specifies the number 6024,
00:53four main priorities,
00:56strengthening the social state,
00:58strengthening investment dynamics,
01:00creating job opportunities,
01:02implementing structural reforms,
01:04and maintaining the overall financial stability.
01:06It is noted that the Parliament
01:08gave a second reading
01:10in December
01:12of the Financial Law for 2025
01:15with 178 votes in favor
01:19and 57 opposed
01:22without any abstention on the 6th of December.
01:30The General Tax Administration announced
01:32that the interest rate starting from the beginning of December
01:36is subject to a limited financial penalty
01:38according to the new principal interest rate
01:40for the Moroccan Central Bank of 2.5 points
01:42from the first month of the interest rate.
01:44The Tax Administration's statements in Balaghan
01:46regarding the Interest Rate Law
01:48state that all violations of the Interest Rate Law
01:51applicable to commercial transactions
01:53are subject to a limited financial penalty
01:55according to the principal interest rate
01:57for the Moroccan Central Bank
01:59applicable at the end of the first month
02:01of the interest rate
02:03and 0.85% of every month
02:05or a part of an additional month of interest.
02:11The Spanish marketing field confirmed
02:13in a recent number
02:15that Morocco has increased its commercial and port power
02:17by a significant amount
02:19in the field of goods transportation
02:21and added the magazine in an article
02:23titled
02:25The emergence of Morocco as a commercial and port power
02:27attracts Spanish shipping agencies
02:29that thanks to the infrastructure of ports
02:31which is constantly developing
02:33many companies in the port sector
02:35have opened offices in Morocco
02:37to benefit from the country's qualifications
02:39and from the popularity of this global strategic hub
02:41in trade and logistics.
02:43The Spanish newspaper pointed to the importance
02:45of the port of Tangier as a leading port in Africa
02:47and one of the most important ports in the world.
02:49According to the Spanish magazine,
02:51more than 200 multinational companies
02:53in the car sector
02:55have settled in the free region of Tangier
02:57as well as in Nassij and Tehran.
02:59More than 1,300 companies
03:01have also decided to settle in the port.
03:07The Federal Reserve Bank
03:09announced at the last meeting
03:11at the end of the year
03:13that the interest rate
03:15will continue to rise
03:17despite the low interest rate
03:19and a slight improvement in inflation
03:21recently.
03:23The interest rate
03:25fell by 25 points
03:27to 4.25%
03:29after a similar fall
03:31in previous quarters.
03:33The Federal Reserve Bank
03:35said that the economic activity
03:37continues to expand
03:39despite the low interest rate
03:41while inflation is still high.
03:45On the other hand,
03:47the Bank of England
03:49decided at the last meeting
03:51at the end of the year
03:53that the interest rate
03:55will remain unchanged at 4.75%.
03:57There was a split regarding the need
03:59to lower the interest rate
04:01as three members of the Monetary Policy Committee
04:03voted in favor of lowering the interest rate
04:05by 0.25% to 4.5%
04:07while experts and economists
04:09expected that only one member
04:11would vote in favor of lowering the interest rate.
04:13The Federal Reserve Bank
04:15said that the central bank
04:17should stick to the gradual approach
04:19in lowering the interest rate.
04:21The latest data showed
04:23that the inflation rate
04:25in the United Kingdom
04:27rose to 2.6%,
04:29which is higher than 2%.
04:31This is the end of this episode.
04:33Goodbye.