The Bank of Albania held its policy rate unchanged at 0.5% during its May meeting, saying that the current monetary policy stance is appropriate for stimulating economic growth and to guarantee the return of inflation to the 3% target. In March, the annual inflation rate picked up to a 4-month high of 1.2%. The Bank’s Governor Gent Sejko mentioned that the expansion of activity is expected to be driven by the acceleration of household consumption, exports of goods and services, as well as increasing private investment. Moreover, employment and wages are expected to increase as well, enabling inflation to return to target by 2022. source: Bank of Albania
Interest Rate in Albania averaged 4.08 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 May 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.