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.