Key rate kept at historic low as consumer prices struggle to recover

TIRANA, Nov. 10 – Albania’s central bank has decided to keep the key interest rate unchanged at a historic low of 1.25 percent as average inflation rate in the first ten months of the year hit a record low of 1.13 percent, almost 2 percentage points below the Bank of Albania’s target of 3 percent, estimated to have a positive impact stimulating economic growth and consumption. Governor Gent Sejko said the central bank expects consumption and private investments to bring the Albanian economy to normality in 2017 when the GDP is expected to accelerate to about 4 percent, compared to…