Annual Report 2003 - Chapter III. Monetary Developments and Money Markets

Production date: 13.04.2004

Printed on: 23.08.2004

Author: Bank of Albania

 

 

The Bank of Albania monetary policy has been oriented towards inflation objective. In line with this policy, the Bank of Albania aims at overseeing the monetary conditions of economy, so that it can accomplish the medium term inflation objective. The projections of monetary developments are summarized in the annual monetary program framework. In this light, the monetary program defines the direction towards which the monetary indicators should move, in order to accomplish the primary objective of Bank of Albania. The monetary program is also a means that can control and evaluate the progress of monetary indicators and accordingly program necessary interventions.