Quarterly Monetary Policy Report 2017/I

The information analysed in this report confirms previous assessments of the Bank of Albania on the actual situation and the outlook of the Albanian economy. Available data suggest that economic activity at home continues to expand. This improved economic activity led to better labour market indicators and is reflected in a gradual rise of inflation towards the target. The accommodative monetary policy, as reflected in the reduction of financing costs and risk premia, remains a determinant factor in this development landscape. The outlook for the future remains positive. The Bank of Albania expects economic growth to pick up over the next two years and inflation to return to target within 2018.