Monetary Policy Report


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. This Report was an integral part of the Economic Bulletin until 2009. It was first published as a separate publication in April 2010.

2013       2012       2011       2010       2009       2008       2007       2006     2005       2004       2003



In the second half of 2014, the Albanian economy improved, but overall inflationary pressures remained weak and inflation continued to stand below Bank of Albania's target. Although upward, aggregate demand is still insufficient to ensure complete utilisation of production capaci...
Published by Monetary Policy Department on 04.02.2015
Recent data on the real sector show economic activity decelerated in Albania, however this deceleration is considered to be temporary. The Bank of Albania expects the performance of the economy to improve, which would, in turn, create adequate premises for inflation to return to ...
Published by Monetary Policy Department on 05.11.2014
The Albanian economy improved in the first half of the year. Economic activity expanded, due to the increase in private consumption and investments, and was supported by a stimulating macroeconomic policy mix. In the first half of the year, the economy performed, overall, in line...
Published by Monetary Policy Department on 06.08.2014
Data for the first quarter of 2014 are generally in line with our previous assessments of the Albanian economy and financial situation. Weak aggregate demand continues to characterise the economy, further impacting almost all the economic and financial parameters in the country. ...
Published by Monetary Policy Department on 07.05.2014

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