TIRANA, Aug 2/ATA/ The stimulating monetary policy of the Bank of Albania, by reducing the key interest rate in Albanian lek to the historical minimum level of 0.5% since March 2020, has encouraged businesses to obtain loans at a lower interest rate.
The Bank of Albania announced that, in the first 6 months of this year, the average business loan interest rate recorded a decrease in all currencies.
The average interest rate in Albanian lek dropped to 5.45%, from 5.58% in the first 6 months last year. While, the average interest rate in euro fell to 3.95%, from 4.12% in the same period a year earlier.
The average interest rate on US dollar loans dropped to 4.4%, from 5.31% in the first six months of 2020. //a.i/
