Albania’s central bank keeps repo rate flat at 5.25%

TIRANA, Dec 28؁lbania has kept its key repo rate unchanged at 5.25% amid signs of a slowdown in the economy, central bank governor Ardian Fullani said.
“Unlike the first half, when economic growth was supported by the preservation of consumer demand and fiscal incentive, the third quarter and following months indicate a more moderate pace of demand and production in the economy,” Fullani said in a statement.
“However, the Albanian economy continued to mark positive economic growth during this period, while domestic inflationary pressures remain under control.”
The annualized inflation rate was 2.8% in November, within the bank’s target range of around 3%.
“A lack of pressure from domestic demand and low inflation values in partner countries have balanced pressures exerted by depreciation of the domestic currency during 2009,” Fullani added.