The Bank of Albania held its policy rate unchanged at 0.5 percent during its March meeting, saying that the current monetary policy stance remains adequate to enhance the economic recovery. Even with inflation below the forecasts and improvements in the volume of sales, electricity consumption, fiscal revenues and the expansion of external trade volumes, the Bank’s Governor Gent Sejko, warned that economic indicators are expected to aggravate accordingly, particularly due to impact of coronavirus restrictions. source: Bank of Albania
Interest Rate in Albania averaged 4.09 percent from 2001 until 2021, 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 April of 2021.
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 0.50 in 12 months time. In the long-term, the Albania Interest Rate is projected to trend around 0.75 percent in 2022 and 1.50 percent in 2023, according to our econometric models.