Material category : Periodic Publications / Monetary Policy Document
The Bank of Albania, the monetary authority of the Republic of Albania, has
the exclusive right to design, approve and implement the monetary policy.
The monetary policy is designed and implemented in view of achieving the
primary objective: achieving and maintaining price stability.
Each year, the Bank of Albania publicly explains its objective and its definition
in quantitative terms, and the instruments it will use in achieving the primary
objective. This process increases the Bank of Albania transparency on monetary
policy issues, as a prerequisite for attaining a high level of accountability in
carrying out its mission as a central bank. At the same time, this document
serves to the orientation of economic agents' public expectations towards
inflation targeting, as key element in conducting monetary policy.