PRESS RELEASE
Decisions by the Supervisory Council of the Bank of Albania, 5 October 2022

On 5 October 2022, the Supervisory Council of the Bank of Albania decided to increase the policy rate to 2.25%; and the overnight deposit and overnight lending rates, to 1.25% and 3.25%, respectively.

In addition to this Decision, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Postpone the closure of investment intermediation activity in Treasury bills for natural persons through the Bank of Albania

Pursuant to this Decision, the Bank of Albania will defer in time the closure of its windows which provide to individuals the intermediary service for investments in the Albanian government’s Treasury bills. The Bank of Albania had made a preliminary plan to conclusively close these windows by the 31st of December 2022. After taking into consideration the current developments in financial markets and the rising policy rate, the Bank of Albania deemed that by keeping this channel open, the monetary policy transmission in the economy will be faster, and individuals’ decision-making under the new monetary conditions will be easier.

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