TIRANA, Nov 6 /ATA/- The Bank of Albania governor Gent Sejko stated on Wednesday that the domestic financial environment appears stimulating, in response to the monetary policy stance implemented by the Bank of Albania. The exchange rate appears relatively stabilised: the ALL/EUR exchange rate is closer to the equilibrium, while its fluctuations are dictated by seasonal factors. Risk premiums in financial markets are low, while liquidity situation is good. Interest rates on loans, deposits and government’s securities are close to minimum levels, thus bolstering credit growth and stimulating higher consumption and investments.
Judging on these projections, the Supervisory Council of the Bank of Albania deemed that the current monetary policy stance remains adequate. Taking into account these circumstances, the Supervisory Council decided to:
Keep the policy rate unchanged at the present level of 1.00%; and,
Keep the overnight deposit and overnight lending rates, unchanged at 0.1% and 1.9%, respectively.
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