Interest Rate in Albania

Albania Interest Rate | Economic News & Forecasts

Albania - Interest Rate

The economy appeared to continue cooling in the third quarter. Growth in annual tourist arrivals slowed markedly from the second quarter; the tourist sector likely felt the pinch from an unsupportive base effect and a stronger currency, reducing price attractiveness of the country. Meanwhile, a severe drought in the quarter continued to hamstring the power-generation sector, which seemingly persisted at the outset the fourth quarter: Merchandise exports fell markedly in October, partly on the back of a drop in falling power-related outbound shipments. In other news, Albania signed a declaration with North Macedonia and Serbia to ensure the free movement of goods and people within the region by 2021. The deal should strengthen regional economic cooperation and trade.

Albania - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)3.00  2.25  1.75  1.25  1.25  

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Albania Interest Rate Chart


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

Albania Facts

ValueChangeDate
Exchange Rate111.0-0.56 %Nov 21
Stock Market0.10.0 %Nov 21

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