Quarterly Monetary Policy Report, May 2015

Bank of Albania finds that the performance of the economy is overall in line with expectations. Economic growth is expected to gradually improve in the years ahead, which would create adequate premises for the return of inflation to target over the policy-relevant horizon. Bank of Albania deems that the current monetary conditions are consistent with the achievement of the price stability objective. Consistent with our baseline scenario and economic projections, as well as with a view to attending to the negative balance of risks, the Bank of Albania judges that the monetary policy will remain accommodative for some quarters ahead.