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.
Interest Rate in Albania averaged 4.27 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 May of 2020. source: Bank of Albania
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 1.25 percent in 2021 and 2.00 percent in 2022, according to our econometric models.