TIRANA, June 23/ATA/ The Bank of Albania-BoA announced on Wednesday that the easing monetary policy is appropriate in supporting the country’s economic activity and it offers breathing space to the financial institutions.
According to the BoA, the full recovery of the economy and the steady growth of inflation towards the 3% target at the end of 2022, should continue to be supported by a stimulating monetary policy profile, where the key interest rate on lek to continue to be at 0.5%.
The Central Bank emphasized that, “in order to move from easing monetary policy, i.e. low interest rates, to a tight monetary policy, which means an increase in the interest rate, expect a better economic situation before the end of 2022.”
In the light of the current conditions, the Bank of Albania deems that the easing monetary policy will continue for a long period. At least until the second half of 2022, monetary policy will continue with an interest rate of 0.5%. //a.i/
