Quarterly Monetary Policy Report, 2017/II

The information analysed in this Report has resulted in line with the expectations of the Bank of Albania. New economic and financial data show economic growth accelerated and main macroeconomic balances improved during the end of 2016 and the beginning of 2017. The analysis of the available information reveals the positive role of the monetary policy. The stimulating monetary conditions have favoured the growth of credit and reduction of debt servicing costs, therefore, supporting the recovery of consumption and of private investments. The Bank of Albania’s updated medium-term projections suggest that the Albanian economy will continue to grow and that inflation will return to target within 2018.