TIRANA, Sept 3 /ATA/ – The Governor of the Bank of Albania Gent Sejko hosted a Moody’s Analytics delegation, headed by Domenico Piscitelli, Director of Research, Policy Making and Education – Europe and Africa.
The meeting focused on the country’s economic and financial health and ways to foster cooperation between the two institutions.
Central Bank governor said that Albanian economy has performed positively despite the many and serious challenges over recent years. He underlined that Albania has registered solid growth, low inflation rate, whereas the country’s domestic and external balances have improved.
Sejko said that the latest updated projections suggest that economy will maintain its positive growth momentum in the future, with economy expected to expand at a stable rate and inflation projected to remain at the current rate and to return to the Bank’s target in the first half of the next year.
Governor Sejko also noted that the central bank’s accommodative monetary policy helped efforts to keep inflation under control, without threatening the country’s upward growth trend and its financial stability.
Moody’s officials praised Albania fort its progress and growth over recent years, highlighting the country’s economic and financial stability. They also noted that Albania’s further European integration and accession to the Single European Payments Area (SEPA) will deliver significant benefits, but also a series of challenges in improving policy-making, drafting and implementation of the supervisory and regulatory framework.
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