The Bank of Albania held its policy rate at 1 percent during its February meeting. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively. Albania Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Albania averaged 4.30 percent from 2001 until 2020, reaching an all time high of 8.50 percent in April of 2002 and a record low of 1 percent in June of 2018. 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. source: Bank of Albania

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. Looking forward, we estimate Interest Rate in Albania to stand at 1.25 in 12 months time. In the long-term, the Albania Interest Rate is projected to trend around 1.25 percent in 2021 and 2.00 percent in 2022, according to our econometric models.


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Albania Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 8.50 1.00 2001 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-10-02 02:15 PM Interest Rate Decision 1% 1% 1%
2019-11-06 03:00 PM Interest Rate Decision 1% 1% 1%
2019-12-18 03:15 PM Interest Rate Decision 1% 1% 1%
2020-02-05 03:15 PM Interest Rate Decision 1% 1% 1%
2020-03-25 03:00 PM Interest Rate Decision 1% 1%
2020-05-06 02:00 PM Interest Rate Decision 1%
2020-07-01 02:00 PM Interest Rate Decision 1%
2020-08-05 02:00 PM Interest Rate Decision 1%


News Stream
Albania Leaves Monetary Policy Unchanged
The Bank of Albania held its policy rate at 1 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. Still, the Bank is in the process of evaluation the earthquake consequences for the economy. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.
2019-12-18
Albania Holds Interest Rate Steady at 1.%
The Bank of Albania held its policy rate at 1 percent during its November meeting, saying that the current monetary policy stance remains appropriate to guarantee the return of inflation to the 3 percent target in 2021. Still, policymakers warned that downside risks have strengthened from October's meeting. In September, annual inflation dropped to 1.3 percent, its lowest since June. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.
2019-11-06
Albania Leaves Monetary Policy Unchanged
The Bank of Albania held its policy rate at 1 percent during its October meeting, saying that the current monetary policy stance remains appropriate to guarantee the return of inflation to the 3 percent target in the second half of 2021. Policymakers also said that normalization of monetary policy will be quite gradual and its start will not be earlier than the second quarter of 2020. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.
2019-10-02
Albania Holds Interest Rate at 1%
The Bank of Albania held its policy rate at 1 percent during its August meeting, saying that inflation is seen returning to the 3 percent target in the second half of 2021. Policymakers also said that monetary stimulus may be needed in the future amid increased uncertainties. The bank's overnight deposit and overnight loan rates were also kept at 0.1 percent and 1.9 percent respectively.
2019-08-07

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.