PRESS RELEASE
Decisions by the Supervisory Council, 16 December 2020

On 16 December 2020, in addition to the decision to keep the policy rate unchanged, at 0.5%,  as well as overnight deposit and overnight loan rates at the Bank of Albania, at 0.1% and 0.9%, respectively, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Regulation “On the procedures of the Bank of Albania intervention in the domestic foreign exchange market”

This Regulation aims to improve the intervention procedures for the Bank of Albania in the domestic foreign exchange market. This version is result of: the need to improve the implemented work practices; the consultations with commercial banks; and the technical assistance provided from the International Monetary Fund.

• Approve the Regulation “On minimum  requirement for  regulatory capital instruments and the eligible liabilities”

The purpose of this Regulation is to set the minimum requirement for regulatory capital instruments and the eligible liabilities to each bank. At the same time, the drafting of this Regulation completes the regulatory framework of the Bank of Albania pursuant to the Law 133/2016 "On the recovery and resolution of banks in the Republic of Albania".

The Supervisory Council was also informed on the daily functional and operational activities of the Bank of Albania.