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Key rate to remain at historic low until late 2017, cbank says

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9 years ago
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TIRANA, Feb. 2 – Albania’s central bank says it will continue keeping the key rate at its historic low of 1.25 percent at least until late 2017, governor Gent Sejko has said. Speaking on Wednesday after the central bank decided to keep unchanged its key rate, governor Sejko said preserving the easier stimulating policy was intended to further stimulate investment, consumption and credit in line with forecasts for higher economic growth and a pickup in inflation rate to its 3 percent target in the next couple of years. “Economic growth is forecast to further recover in the next two years,…

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Story Highlights

  • “Economic growth is forecast to further recover in the next two years, creating the necessary conditions for the return of the economy to equilibrium and inflation rate within target by 2018. The Bank of Albania expects an average inflation rate of 2.3 percent for 2017 compared to 1.3 percent for 2016," says central bank governor

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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