BANK OF ALBANIA

PRESS RELEASE
Monetary Policy Decisions

Publication date: 01.11.2023

 

On November 1st , 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 increase the base interest rate to 3.25% from 3.00%
  • to increase the interest rate for the overnight deposit facility to 2.25% from 2.00%
  • to increase the interest rate for the overnight lending facility to 4.25% from 4.00%.