The Bank of Albania raised its key policy rate by 50 basis points to 1.75% on August 3rd, marking the third hike this year as the central bank seeks to tame runaway inflation. The annual inflation rate in Albania rose to 7.4 percent in June of 2022, the highest since March 2020, from 6.7 percent in the previous month. At the same time, the Bank of Albania raised its overnight lending facility rate to 2.75% from 2.25% and the overnight deposit facility to 0.75% from 0.25%. source: Bank of Albania

Interest Rate in Albania averaged 3.88 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 September of 2022.

Interest Rate in Albania is expected to be 1.75 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
2022-03-24 08:30 AM 1% 0.5%
2022-07-06 02:30 PM 1.25% 1% 1.25%
2022-08-03 02:30 PM 1.75% 1.25% 1.5%
2022-10-05 02:00 PM 1.75%
2022-11-02 03:00 PM
2022-12-21 03:00 PM


Related Last Previous Unit Reference
Interest Rate 1.75 1.25 percent Aug 2022
Money Supply M1 708128.31 703256.44 ALL Million Jul 2022
Money Supply M0 573066.84 569815.63 ALL Million Jul 2022
Money Supply M2 917333.73 914693.93 ALL Million Jul 2022
Money Supply M3 1614228.29 1610771.83 ALL Million Jul 2022
Banks Balance Sheet 1848896.20 1840669.50 ALL Million Jun 2022
Deposit Interest Rate 0.75 0.25 percent Aug 2022
Lending Rate 2.75 2.25 percent Aug 2022
Loans to Private Sector 409447.00 409824.89 ALL Million Jun 2022
Central Bank Balance Sheet 739834.44 741491.47 ALL Million Jun 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
1.75 1.25 8.50 0.50 2001 - 2022 percent Daily

News Stream
Albania Hikes Key Interest Rate to 1.75%
The Bank of Albania raised its key policy rate by 50 basis points to 1.75% on August 3rd, marking the third hike this year as the central bank seeks to tame runaway inflation. The annual inflation rate in Albania rose to 7.4 percent in June of 2022, the highest since March 2020, from 6.7 percent in the previous month. At the same time, the Bank of Albania raised its overnight lending facility rate to 2.75% from 2.25% and the overnight deposit facility to 0.75% from 0.25%.
2022-08-03
Albania Hikes Interest Rate for 2nd Time
The Bank of Albania raised its key policy rate by 25 basis points to 1.25% on July 6th, following a 50-bps hike in March, to tame the surging domestic inflation. Inflation in Albania rose to 6.7% in May, much higher than the central bank’s official target of 3%. Latest forecasts from the central bank showed that inflation is expected to continue remaining high during 2022 before returning to the target range in the first half of 2024. Also, the rate of economic growth is seen to slow down compared to that recorded in the first quarter of the year, but it will be sufficient to maintain the health of the balance sheets of Albanian families and businesses. At the same time, the overnight lending facility rate was raised to 2.25% from 1.9% and the overnight deposit facility 0.25% from 0.1%.
2022-07-06
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