The Bank of Albania held its policy rate at 0.5 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 2021. Still, the annual inflation rate slowed to 1.3 percent in August, the lowest since February. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 0.9 percent, respectively. source: Bank of Albania
Interest Rate in Albania averaged 4.17 percent from 2001 until 2020, reaching an all time high of 8.50 percent in April of 2002 and a record low of 0.50 percent in March of 2020. This page provides the latest reported value for - Albania Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Albania Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Interest Rate in Albania is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Albania to stand at 1.00 in 12 months time. In the long-term, the Albania Interest Rate is projected to trend around 1.25 percent in 2021 and 2.00 percent in 2022, according to our econometric models.