The Bank of Albania held its policy rate at 1 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. Still, the Bank is in the process of evaluation the earthquake consequences for the economy. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively. Interest Rate in Albania averaged 4.33 percent from 2001 until 2019, reaching an all time high of 8.50 percent in April of 2002 and a record low of 1 percent in June of 2018. source: Bank of Albania

Interest Rate in Albania is expected to be 1.00 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 2.00 percent in 2020, according to our econometric models.

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Albania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 8.50 1.00 2001 - 2019 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-08-07 02:00 PM 1% 1% 1%
2019-10-02 02:15 PM 1% 1% 1%
2019-11-06 03:00 PM 1% 1% 1%
2019-12-18 03:15 PM 1% 1% 1%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-11-06
Albania Holds Interest Rate Steady at 1.%
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.

2019-10-02
Albania Leaves Monetary Policy Unchanged
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.

2019-08-07
Albania Holds Interest Rate at 1%
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.

2019-07-03
Albania Leaves Monetary Policy Unchanged
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.

2019-05-08
Albania Holds Key Interest Rate at 1%
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.

2019-03-28
Albania Leaves Monetary Policy Unchanged
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.


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.

Albania Money Last Previous Highest Lowest Unit
Interest Rate 1.00 1.00 8.50 1.00 percent [+]
Money Supply M0 420167.44 424750.95 438273.44 29998.00 ALL Million [+]
Money Supply M1 513765.36 507369.49 513765.36 27624.00 ALL Million [+]
Money Supply M2 746624.74 741191.09 746624.74 39937.20 ALL Million [+]
Money Supply M3 1302981.73 1300453.82 1302981.73 50185.40 ALL Million [+]
Banks Balance Sheet 1512700.90 1506582.60 1512700.90 340653.80 ALL Million [+]
Deposit Interest Rate 0.10 0.10 4.50 0.00 percent [+]
Lending Rate 1.90 1.90 8.00 1.90 percent [+]
Loans To Private Sector 335817.90 335067.50 405564.70 184093.10 ALL Million [+]
Central Bank Balance Sheet 539715.49 550846.50 556461.61 193527.85 ALL Million [+]