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. Interest Rate in Albania averaged 4.36 percent from 2001 until 2019, reaching an all time high of 8.50 percent in April of 2002 and a record low of 1 percent in June of 2018.
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 1.00 in 12 months time. In the long-term, the Albania Interest Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.