BANK OF ALBANIA

PRESS RELEASE
Bank of Albania concludes the annual conference on: "Aligning the monetary policy with financial stability"

Publication date: 27.10.2016

 

On 27 October 2016, the Bank of Albania - in collaboration with the South East European Studies at Oxford - held its annual conference on: 'Aligning the monetary policy with financial stability - objectives, responses and interaction in times of uncertainty'. The conference was organized in the framework of the cooperation agreement between the Bank of Albania and the University of Oxford.

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During the proceedings of the conference, participants discussed at length about the alignment of the monetary policy pursued by the central banks and the relevant measures for safeguarding financial stability, as well as the implications and impact resulting from Brexit on the countries of our region.

At the end of the proceedings, Governor Sejko presented the conclusions of the proceedings.

  • The future of the European Union remains the main concern for the European countries and for our region, where European integration is the main aim.
  • A strong Europe is what we need; however, the completion of banking union and the capital market are also needed.
  • Central banks have to pay attention to monetary policy, financial stability and exchange rate policy.
  • It is necessary to emphasize the importance of fiscal consolidation and structural reforms. Central banks have been very inventive with new tools and policy coordination.
  • Economic recovery and growth is what everyone is looking for but this cannot come without a sustainable lending.

On behalf of the Bank of Albania and the South East European Studies at Oxford, Governor Sejko thanked the participants for their input and contribution.

At the end of the conference, Governor Sejko and Mr Othon Anastasakis, Director of the South East European Studies at Oxford spoke to a press conference and responded to the questions of the media related to the conclusions of the conference. They highlighted that this had been a successful effort thanks to the productive exchange of experiences and discussions about the role and future strategies of central banks.