TIRANA, Jan 20 /ATA/ 12-month T-bills were issued at an average interest rate of 1.59%, up from 1.57% in the previous auction.
The Bank of Albania announced that the entire estimated value of ALL 9.2 billion was issued at the auction, while the total value of the submitted requests was ALL 10 billion.
The bank’s experts say that the gradual increase of interest rates on treasury bills in the first months of this year is anticipated.
According to them, this is related to a gradual increase of interest rates in financial markets, while the Supervisory Council of the BoA has given signals for the increase of the base rate of the lek for the following period. /j.p/sm/
