Interest Rate in Albania

Albania Interest Rate | Economic News & Forecasts

Albania - Interest Rate

After GDP expanded at the fastest pace on record in Q2 amid a broad-based improvement, momentum seemingly carried over into the third quarter, despite a fading base effect. Both merchandise imports and exports expanded at robust rates in July–September, while tourist arrivals approached pre-pandemic levels in both July and August, before wavering somewhat in September. In politics, on the heels of Prime Minister Edi Rama’s cabinet confirmation, talks regarding EU membership have started to gain pace, after a recent European Commission report reaffirmed that Albania meets the criteria to start the accession process. Lastly, in pandemic-related news, despite a marked rise in cases that started in early August, and one of the lowest vaccination rates in the region, authorities have opted not to tighten restrictions further so far in Q4.

Albania - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)1.75  1.25  1.25  1.00  1.00  

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Albania Interest Rate Chart

Albania Interest Rate
Note: Policy Interest Rate in % (eop).
Source: Bank of Albania

Albania Facts

Value Change Date
Exchange Rate108.6-0.56 %Jan 01
Stock Market0.10.0 %Jan 07

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