The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as it expects the surging global inflation to drive up the local consumer prices. Albania's consumer price inflation increased to 3.9% in February, higher than the Central bank’s target of 3%. It is expected to remain high for the rest of the year and in 2023, hurting the purchasing power of households and slowing down the economic growth. However, the economy is expected to continue its growth in 2022 based on the vastness and strength of growth sources, assuming that the Russia-Ukraine conflict will not evolve any further, as well as supposing that a combination of stimulating monetary and fiscal policies will continue to be implemented.At the same time, the overnight lending facility rate was raised to 1.9% from 0.9% and the overnight deposit facility was kept unchanged at 0.1%. source: Bank of Albania

Interest Rate in Albania averaged 3.90 percent from 2001 until 2022, 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 June of 2022.

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. In the long-term, the Albania Interest Rate is projected to trend around 2.75 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Albania Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-22 03:00 PM 0.5% 0.5% 0.5%
2022-02-02 03:00 PM 0.5% 0.5% 0.5%
2022-03-24 08:30 AM 1% 0.5%
2022-07-06 02:00 PM 1% 1.25%
2022-08-03 02:00 PM 1.5%
2022-10-05 02:00 PM


Related Last Previous Unit Reference
Interest Rate 1.00 1.00 percent May 2022
Money Supply M1 693938.97 694579.73 ALL Million Apr 2022
Money Supply M0 563057.47 561563.38 ALL Million Apr 2022
Money Supply M2 906221.98 907257.25 ALL Million Apr 2022
Money Supply M3 1596553.70 1593203.72 ALL Million Apr 2022
Banks Balance Sheet 1816376.40 1819949.70 ALL Million Feb 2022
Deposit Interest Rate 0.10 0.10 percent Mar 2022
Lending Rate 1.90 0.90 percent Mar 2022
Loans To Private Sector 399605.75 394103.39 ALL Million Feb 2022
Central Bank Balance Sheet 745454.01 741181.46 ALL Million Feb 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 8.50 0.50 2001 - 2022 percent Daily

News Stream
Albania Hikes Key Interest Rate to 1%
The Bank of Albania raised its key policy rate by 50 basis points to 1% during its March meeting, as it expects the surging global inflation to drive up the local consumer prices. Albania's consumer price inflation increased to 3.9% in February, higher than the Central bank’s target of 3%. It is expected to remain high for the rest of the year and in 2023, hurting the purchasing power of households and slowing down the economic growth. However, the economy is expected to continue its growth in 2022 based on the vastness and strength of growth sources, assuming that the Russia-Ukraine conflict will not evolve any further, as well as supposing that a combination of stimulating monetary and fiscal policies will continue to be implemented. At the same time, the overnight lending facility rate was raised to 1.9% from 0.9% and the overnight deposit facility was kept unchanged at 0.1%.
2022-03-24
Albania Interest Rate Steady at 0.5%
The Bank of Albania held its policy rate unchanged at 0.5% during its February 2022 meeting, noting that economic activity in Albania continues to recover, labour market indicators are improving, but inflation has risen sharply in the last two months. The inflation is expected to rise above the target of 3 percent in 2022 but to return sustainably to the target level starting from 2023. At the same time, the overnight deposit rate remained at 0.1% and the overnight loan rate was left steady at 0.9%.
2022-02-02
Albania Leaves Monetary Policy Unchanged
The Bank of Albania held its policy rate unchanged at 0.5% during its December 2021 meeting. The Bank’s Governor, Gent Sejko noted the growth in economic activity and decrease in the unemployment rate (11.3% in Q3) have been supported by the improving foreign environment, as well as by stimulating domestic economic policies. Meanwhile, Albanian consumer prices rose 3.1% year-on-year in November of 2021, mainly reflecting the effect of significant increases in food, oil and energy prices. Looking forward, it is expected that inflation will rise above the target in the coming months. At the same time, the overnight deposit rate remained at 0.1% and the overnight loan rate remained at 0.9%.
2021-12-22