Monetary Policy Document for the 2009 - 2011 period

The Bank of Albania is the monetary authority of the Republic of Albania. It has the exclusive right to design, approve and implement the monetary policy in Albania with a view to accomplish its mandated objective: achieve and maintain price stability. The Monetary Policy Document of the Bank of Albania publicly explains the primary objective by defining it in quantitative terms, laying out its time frame, the associated criteria and the indicators which guide the Bank of Albania’s monetary policy. It also introduces the framework of the instruments which are employed to achieve the objective. The Monetary Policy Document for the 2009-2011 period has been designed as a follow-up of the Monetary Policy Documents for the 2004-2008 period. It is formulated in line with Albania’s comprehensive medium-term development programme and with the Bank of Albania’s Strategy for 2009-2011. That Document was revised in June 2010 with the purpose of reformulating the operational objective of the Bank of Albania.