The Bank of Albania held its policy rate at 0.5 percent during its December meeting, saying that the current monetary policy stance remains appropriate to guarantee the return of inflation to the 3 percent target in 2021. The annual inflation rate decreased to 1.6 percent in November from 2 percent in the previous month. 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 4.14 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 January 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 0.50 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Albania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 8.50 0.50 2001 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-08-05 02:00 PM 0.5% 0.5% 0.5%
2020-10-07 02:00 PM 0.5% 0.5% 0.5%
2020-11-04 03:00 PM 0.5% 0.5% 0.5%
2020-12-16 03:40 PM 0.5% 0.5% 0.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Albania Holds Interest Rate at 0.5%
The Bank of Albania held its policy rate at 0.5 percent during its December meeting, saying that the current monetary policy stance remains appropriate to guarantee the return of inflation to the 3 percent target in 2021. The annual inflation rate decreased to 1.6 percent in November from 2 percent in the previous month. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 0.9 percent, respectively
2020-12-16
Albania Holds Interest Rate Steady at 0.5%
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. The annual inflation rate increased to 1.5 percent in September, the highest since June. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 0.9 percent, respectively.
2020-11-04
Albania Leaves Monetary Policy Unchanged
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.
2020-10-07
Albania Holds Interest Rate Steady at 0.5%
The Bank of Albania held its policy rate at 0.5 percent during its May meeting, saying that the current monetary policy stance remains appropriate to face the coronavirus crisis while adding that a further escalation of the pandemic or difficulties in the transmission of the monetary policy would require an increase in stimulus and, potentially, the adoption of unconventional instruments. The Bank’s Governor Sejko said that in a scenario of a gradual reduction of social distancing measures during Q2, economic activity is expected to mark the peak of a slowdown in Q2, continuing to remain in negative territory for the next two quarters, and return to growth in 2021; while inflation gradually increases towards the 3% target in the next two years.
2020-05-06

Albania Interest Rate
In Albania, interest rate decisions are taken by the Bank of Albania. The official interest rate is the 1-week repo rate.