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

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,…