BANK OF ALBANIA

PRESS RELEASE
Monetary Policy Decisions

Publication date: 01.08.2018

 

Today, on August 1, 2018 the Supervisory Council of the Bank of Albania reviewed and approved the Monetary Policy Report. In conclusion to the discussions on the economic and monetary developments and the expected outlook, the Supervisory Council decided to:

  • keep the monetary policy rate unchanged at 1.00%
  • keep the interest rate for the overnight deposit facility unchanged, at 0.10%
  • keep the interest rate for the overnight lending facility unchanged at 1.90%

Additionally, the Supervisory Council considered it necessary to continue the program of foreign currency purchases in the domestic market, in order to circumvent the rapid appreciation of the exchange rate, in concordance with the price stability objective.