The Bank of Albania held its policy rate at 0.5 percent during its July meeting, saying that the current monetary policy stance remains appropriate to face the coronavirus crisis.

Interest Rate in Albania averaged 4.24 percent from 2001 until 2020, 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 2020. source: Bank of Albania

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 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
0.50 0.50 8.50 0.50 2001 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-02-05 03:15 PM 1% 1% 1%
2020-03-25 11:40 AM 0.5% 1% 1%
2020-05-06 02:00 PM 0.5% 0.5% 0.25%
2020-07-01 02:00 PM 0.5% 0.5% 0.5%
2020-08-05 02:00 PM 0.5% 0.5%
2020-10-07 02:00 PM
2020-11-04 03:00 PM
2020-12-16 03:00 PM


News Stream
Albania Holds Interest Rate Steady at 0.5%
The Bank of Albania held its policy rate at 0.5 percent during its May meeting, saying that the current monetary policy stance remains appropriate to face the coronavirus crisis while adding that a further escalation of the pandemic or difficulties in the transmission of the monetary policy would require an increase in stimulus and, potentially, the adoption of unconventional instruments. The Bank’s Governor Sejko said that in a scenario of a gradual reduction of social distancing measures during Q2, economic activity is expected to mark the peak of a slowdown in Q2, continuing to remain in negative territory for the next two quarters, and return to growth in 2021; while inflation gradually increases towards the 3% target in the next two years.
2020-05-06
Albania Cuts Key Rate to 0.5%
The central bank of Albania reduced its monetary policy rate by 50bps to 0.5 percent on March 25th, bringing borrowing costs to a fresh record low in an attempt to mitigate the impact of the COVID-19 pandemic on the country's economic and financial health. In addition, the bank's overnight deposit rate was cut by 100bps to 0.9% while the overnight loan rate was kept at 0.1 percent.
2020-03-25
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 Interest Rate
In Albania, interest rate decisions are taken by the Bank of Albania. The official interest rate is the 1-week repo rate.