The bank of Albania held its policy rate unchanged at 0.5% during its August 2021 meeting. The central bank's Governor Gent Sejko said that the economic recovery and the return of inflation to target require the maintenance of the stimulative direction of monetary policy along the forecast horizon. In June, the annual inflation rate was at 1.6%, down slightly from 1.8% in the previous month. He also noted that the economy grew by 5.5% in the first quarter, exceeding forecasts. For the second quarter, available data suggests a strong acceleration of economic activity. source: Bank of Albania
Interest Rate in Albania averaged 4.02 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 September 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. 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.