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  • Monetary Policy

    The Bank of Albania is responsible for formulating, approving and implementing the monetary policy in the Republic of Albania.

    What is Monetary Policy?

    • Objective and strategy
    • Latest monetary policy decision and calendar
    • Monetary Policy Report
    • Monetary policy instruments
    • Surveys
    • Analyses
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  • Markets

    In order to implement the monetary policy, the Bank of Albania carries out operations in the interbank market, the foreign exchange market and the government securities market.

    Markets

    • Interest rates
    • Official exchange rate
    • Operations of the Bank of Albania
    • Government securities
    • Banking Market Contact Group
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  • Financial Stability

    The Bank of Albania, in cooperation with other authorities, contributes to safeguarding financial stability in Albania.

    Financial Stability

    • Macro-prudential policies
    • Financial Stability Reports
    • Financial Stability Indicators
    • Analysis and studies
    • Agreements and Cooperation
    • De-euroziaton package
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  • Supervision

    The Bank of Albania is responsible for the licencing and supervision of banks and other institutions that conduct banking and financial activities in the Republic of Albania.

    Supervision

    • Supervision mission and policy
    • Licensed institutions
    • Regulatory Framework
    • Supervision Annual Report
    • Guidelines on credit relations
    • Action plan for non-performing loans
    • Credit Registry
    • Prevention of money laundering and terrorism financing
    • Interest rates and bank commissions
    • Handling complaints
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  • Resolution

    Resolution is the use of appropriate tools in the case of troubled banks facing financial distress.

    Resolution

    • Resolution Fund
    • Planning the Resolution
    • Legislation
    • Agreements and Cooperation
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  • Statistics

    The Bank of Albania compiles statistics to support the decision-making processes and bodies and performs statistical functions for the public at large.

    Statistics

    • Monetary, Financial and Banking statistics
    • Interest rates statistics
    • External sector statistics
    • Financial account statistics
    • International Monetary Fund related statistics
    • Statistical Reporting System
    • Time Series
    • Statistical release calendar
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  • Currency

    The Bank of Albania is the sole authority for issuing banknotes and coins of legal tender in the Republic of Albania. The monetary unit of the Republic of Albania is the "Lek”.

    Role of the Bank of Albania in issuing the national currency

    • Banknotes
    • Security Features
    • Coins
    • Withdrawn banknotes
    • Numismatics
    • Currency in circulation
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  • Payments

    To promote the normal operation and functioning of the payment system, as one of its main duties, the Bank of Albania plays an active role as the operator, overseer and catalyst and reformer of the payment systems.

    Payment System

    • Legal framework
    • AIPS - Albanian Interbank Payment System for large-value payments
    • AIPS EURO - Albanian Interbank Payment System for domestic customer payments in Euro
    • AECH - Albanian Electronic Clearing House
    • Albanian Financial Instrument Settlement and Registration - AFISaR
    • National Payments System Committee
    • Payment systems statistics
    • Licensing and Oversight
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  • Museum and education

    The Bank of Albania has been committed for years to expanding and deepening financial literacy in Albania, through educational activities and publications, as well as through its Museum.

    Museum and Education

    • Museum of the Bank of Albania
    • Education
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  1. Home
  2. Monetary Policy
  3. Monetary Policy Report
 
  • Objective and strategy
  • Latest monetary policy decision and calendar
  • Monetary Policy Report
  • Monetary policy instruments
    • Open market operations
    • Standing Facilities
    • Minimum Reserves
    • Monetary Implementation framework
  • Surveys
    • Business and consumers survey
    • Bank Lending Survey
    • Inflation expectations
  • Analyses
    • Gross external debt analysis
    • External sector
    • Trends in lendings

Monetary Policy Report

Monetary Policy Report is a quarterly publication and its main communication instrument of monetary policy to the public. It provides a comprehensive overview of the recent macroeconomic developments and the factors that have affected and are expected to affect consumer price performance in Albania.

Monetary policy decisions are exclusively taken by the BoA's Supervisory Council. This decision-making process is based on the analyses and forecasts conducted every month as part of monetary policy reports.

Quarterly Monetary Policy Report, 2022/IV

  • Full text [2.70 MB]
  • Foreword by the Governor [68.80 KB]

Quarterly Monetary Policy Report, 2022/III

  • Full text [2.69 MB]
  • Foreword by the Governor [70.86 KB]

Quarterly Monetary Policy Report, 2022/II

  • Full text [2.99 MB]
  • Foreword by the Governor [71.05 KB]

Quarterly Monetary Policy Report, 2022/I

  • Full text [2.73 MB]
  • Foreword by the Governor [51.00 KB]

Monetary Policy Reports in years:

By year
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 All
  • Quarterly Monetary Policy Report 2023
  • Quarterly Monetary Policy Report 2020
  • Quarterly Monetary Policy Report 2021
  • Quarterly Monetary Policy Report 2022
  • Quarterly Monetary Policy Report 2019
  • Quarterly Monetary Policy Report 2018
  • Quarterly Monetary Policy Report 2017
  • Quarterly Monetary Policy Report 2016
  • Quarterly Monetary Policy Report 2015
  • Quarterly Monetary Policy Report 2014

LEGISLATION LEGISLATION

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FAQ-s FAQ-s

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