Monetary Policy Report

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The main objective of the Bank of Albania is to achieve and maintain price stability. To pursue this goal and to strengthen its transparency, the Bank of Albania compiles and publishes the Monetary Policy Report. This Report is the main instrument the Bank of Albania uses to communicate its monetary policy to the public. It provides a comprehensive overview of the recent macroeconomic developments and the factors that have affected and are expected to affect consumer price performance in Albania.


The Bank of Albania’s Monetary Policy Report is published quarterly, in both Albanian and English versions. This Report was an integral part of the Economic Bulletin until 2009. It was first published as a separate publication in April 2010.

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World economy and the financial system in particular were severely hit in the second half of 2008. The crisis which struck the heart of the global financial system was progressively and relentlessly transmitted to the economic activity of advanced economies leading some of the la...
Published by Monetary Policy Department on 18.02.2009
Economic activity during the third quarter the present year has been carried out amidst strained settings in the developed countries’ financial markets and economies. The turmoil the financial markets went through is being translated into the deceleration of consumption and...
Published by Monetary Policy Department on 04.12.2008
The recent developments attest to further deepening of the U.S. financial crisis, peaking in the last weeks with the collapse of one of the largest investment banks Lehman Brothers. Prior to this startling failure, the two U.S. mortgage giants, Freddie Mac and Fannie Mae, were su...
Published by Monetary Policy Department on 08.10.2008
The first quarter of 2008 continued to be characterized by relatively complex worldwide economic developments. The economic activity of some developed countries decelerated raising the concerns for a global slowdown. The price rise prevailed an overwhelming part of developed and ...
Published by Monetary Policy Department on 19.06.2008

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