Quarterly Monetary Policy Report, 2021/I

The Supervisory Council of the Bank of Albania has assessed that the following are essential: tackling the pandemic shock; bolstering stable economic growth; and a return of inflation to target; to trigger actions towards stimulating economic policies. After reviewing the Monetary Policy Report, the Supervisory Council decided to keep the key interest rate unchanged, at 0.50%, and to affirm its willingness to maintain an accommodative policy stance in the medium term. The Supervisory Council has assessed that current monetary conditions are adequate for a stable convergence of inflation to
3.0% target, within the medium-term horizon.