Review of the monetary policy of the Bank of Albania for the second half of 2007

The Albanian economy recorded a positive performance during 2007 being characterized by a stable annual growth in line with the projections, contained inflation and further consolidation of financial stability. The preservation of optimal macroeconomic parameters during this year required high attention to developments in the global markets and in Albania, prudent analysis of these developments and the timely undertaking of preventive measures aiming at avoiding negative implications in the medium run. Preliminary projections provide evidence for the continuity of the current economic growth during 2008 while the Bank of Albania remains cautious of the domestic and foreign developments in order to ensure the achievement of the 3% inflation target...