The BoA Governor, Gent Sejko, said on Wednesday at the press conference that the interest rates on overnight deposits and loans also remain unchanged, at 0.1% and 0.9%, respectively.

The Supervisory Council deems that the full recovery of economy and the stable increase of inflation towards the target should continue to be supported by a stimulating profile of economic policies. Judging on these factors, the Supervisory Council of the Bank of Albania finds that the current accommodative stance of the monetary policy remains adequate, for bolstering economic growth and for the stable return of inflation to target,’ Sejko said.

In addition, the monetary stimulus will benefit from maintaining the current form of unlimited liquidity injections at fixed price to the banking sector, at least during the third quarter of this year.

The Supervisory Council reiterates that the gradual normalisation of economic situation and the strengthening of recovery stability should bring to the attention of the decision makers the need for accelerating the agenda of structural reforms.

These reforms should aim at enhancing competition; further improving the investment climate and business environment; and the long-term strengthening of public finances stability. They are the sole instruments which will enable a faster and more solid growth of the Albanian economy.

/r.e/sm/