The Bank of Albania maintained its policy rate stable at 0.5% during its July 2021 meeting. The Bank’s Governor Gent Sejko mentioned that economic growth will be accompanied by employment expansion and wage increases, creating premises for returning inflation to target during 2022. He also announced that Albanian economy is expected to grow rapidly and steadily during the current year and the next two years, supported by an improvement in foreign environment, the reduction of uncertainty, a mix of monetary and fiscal policies, as well as an improvement of the balance sheets of the private sector. source: Bank of Albania

Interest Rate in Albania averaged 4.05 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 July 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.

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 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-02-04 09:00 AM 0.5% 0.5%
2021-03-24 03:00 PM 0.5% 0.5% 0.5%
2021-05-05 02:00 PM 0.5% 0.5% 0.5%
2021-07-07 02:00 PM 0.5% 0.5% 0.5%
2021-08-04 02:00 PM
2021-10-06 02:00 PM
2021-11-03 03:00 PM
2021-12-22 03:00 PM
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 maintained its policy rate stable at 0.5% during its July 2021 meeting. The Bank’s Governor Gent Sejko mentioned that economic growth will be accompanied by employment expansion and wage increases, creating premises for returning inflation to target during 2022. He also announced that Albanian economy is expected to grow rapidly and steadily during the current year and the next two years, supported by an improvement in foreign environment, the reduction of uncertainty, a mix of monetary and fiscal policies, as well as an improvement of the balance sheets of the private sector.
2021-07-07
Albania Holds Interest Rate Steady at 0.5%
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.
2021-05-05
Albania Interest Rate Remains at 0.5%
The Bank of Albania held its policy rate unchanged at 0.5 percent during its March meeting, saying that the current monetary policy stance remains adequate to enhance the economic recovery. Even with inflation below the forecasts and improvements in the volume of sales, electricity consumption, fiscal revenues and the expansion of external trade volumes, the Bank’s Governor Gent Sejko, warned that economic indicators are expected to aggravate accordingly, particularly due to impact of coronavirus restrictions.
2021-03-25
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 Interest Rate
In Albania, interest rate decisions are taken by the Bank of Albania. The official interest rate is the 1-week repo rate.