Supervisory Council – Albanian Telegraphic Agency.

Bank of Albania keeps key interest rate unchanged at 1.0%

Urim Shera — Wed, 04 May 2022 18:54:37 +0000

TIRANA, May 4 /ATA/ – Albania’s central bank decided to keep its key interest rate unchanged at 1%, the Bank of Albania governor Gent Sejko said at a press conference following the meeting of the Bank’s Supervisory Council on Wednesday.

The Supervisory Council of the Bank of Albania reviewed and approved the Quarterly Monetary Policy Report at its meeting today.

The central bank governor Gent Sejko said that “in conclusion to the discussions on the economic and monetary developments and the expected outlook, the Supervisory Council decided to maintain the base interest rate unchanged at 1.0%.”

Sejko said that the Supervisory Council also decided to keep the interest rate for the overnight deposit facility and the interest rate for the overnight lending facility unchanged respectively at 0.1% and 1.9 %”.

Sejko also noted that Albania’s central bank will maintain its accommodative policy throughout the medium-term horizon, in order to sustainably recover economic activity and return inflation to the bank’s target.

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BoA Supervisory Council: Key interest rate in Albanian lek remained unchanged

Atila Kota — Wed, 04 Aug 2021 17:37:00 +0000

TIRANA, Aug 4/ATA/The Supervisory Council of the Bank of Albania reviewed and approved today the monetary policy report.

The Governor of the Bank of Albania, Gent Sejko during a press conference on Wednesday said that, “the Supervisory Council of the Bank of Albania after discussing the economic and monetary developments in the country and the expected performance, decided to keep the key interest rate in the Albanian lek unchanged at the level of 0.5%.

Sejko also stressed that “interest rates on overnight deposits and loans remain unchanged at 0.1% and 0.9%, respectively.”

The head of the Central Bank noted that, “monetary policy will continue to remain accommodative throughout the medium-term horizon, in order to sustainably recover economic activity and return inflation to target.” //a.i/

Monetary policy to support economy/ BoA Supervisory Council: Lek interest rate remains at 0.5%

Atila Kota — Wed, 07 Jul 2021 20:43:52 +0000

TIRANA, July7 /ATA/ The Supervisory Council of the Bank of Albania-BoA decided today to leave the key interest rate unchanged, for the lek at 0.5%, considering that, the monetary policy stance is appropriate in supporting the country’s economic activity.

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

“Monetary Policy easing will continue throughout the forecast horizon, while the Supervisory Board deems that the balance of risks continues to follow a downward trend,” Sejko added. //a.i/

BoA approves new way of calculating fixed exchange rate of lek

Atila Kota — Wed, 02 Jun 2021 18:06:07 +0000

TIRANA, June 2 /ATA/ The Supervisory Council of the Bank of Albania approved today the new way of calculating the fixed exchange rate of the lek in the Bank of Albania.

The changes to the existing regulation aimed at developing the derivatives market in Albania, as a protective instrument against exchange rate risk and increasing transparency in the foreign exchange market.

The main changes consist in the expansion of the participation basis of commercial banks to 4 banks by replacing the foreign exchange offices as well as the publication of 10 participating banks of “Fix” on the official website of the Bank of Albania.

Also, the amendments provide for the publication by the Bank of Albania of the price “Bid” and “Ask” which represent the average price at which the banking system is ready to buy and sell the US dollar and the euro against the lek, as well as the standardization of the amount of trading in the interbank market. //a.i/