Albania - Tasa de Interés

The Bank of Albania held its policy rate at 1 percent during its November meeting, saying that the current monetary policy stance remains appropriate to guarantee the return of inflation to the 3 percent target in 2021. Still, policymakers warned that downside risks have strengthened from October's meeting. In September, annual inflation dropped to 1.3 percent, its lowest since June. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.

The Bank of Albania held its policy rate at 1 percent during its October meeting, saying that the current monetary policy stance remains appropriate to guarantee the return of inflation to the 3 percent target in the second half of 2021. Policymakers also said that normalization of monetary policy will be quite gradual and its start will not be earlier than the second quarter of 2020. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.

The Bank of Albania held its policy rate at 1 percent during its August meeting, saying that inflation is seen returning to the 3 percent target in the second half of 2021. Policymakers also said that monetary stimulus may be needed in the future amid increased uncertainties. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.

The Bank of Albania held its policy rate at 1 percent during its June meeting, saying that the current monetary policy stance is adequate to guarantee return of inflation to the target over a medium-term horizon. The Bank noted that the inflation rate in Albania increased in May (1.5 percent from 1.4 percent in April), mainly due to higher food and oil prices. Policymakers also added that the Albanian economy continued to grow during the first two quarters of 2019, although at a slower pace compared to the previous year. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.

The Bank of Albania held its policy rate at 1 percent during its May meeting, saying that the current monetary policy stance is adequate to meet its objectives as economic growth is likely to remain stable in the medium term and and inflation should return to its 3 percent target in early 2021. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.

The Bank of Albania held its policy rate at 1 percent during its March meeting, saying that the current monetary policy stance is adequate to meet its objectives as economic growth is likely to remain stable in the medium and long term and inflation should return to its 3 percent target by 2020. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.