PRESS RELEASE
Bank of Albania interventions in the money market and foreign exchange market over 2023 Q1

1.1. Open market operations and factors affecting liquidity shortage in the banking system 

In 2023 Q1, the Bank of Albania intervened in the money market through the open market operations to inject liquidity.

Average daily injections through liquidity injecting operations with maturity 1-13 weeks fell at ALL 34.89 billion, against the average of ALL 44.60 billion in the previous quarter and from ALL 40.76 billion, on average, in 2022. After this fall, the shortage returned to around the average values of the last five years, but it sets on an upward trend at the end of the quarter, mainly due to the high accumulation of liquidity in the government account and the reduction of SWAP Agreements with the Bank of Albania. 

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