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BoA Pushes Key Rate to 2.25% to Curb Inflation
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BoA Pushes Key Rate to 2.25% to Curb Inflation

TIRANA, October 5 The Bank of Albania (BoA) raised its key interest rate to 2.25% on Wednesday. The decision aims to cool off inflation that came in at 7.5 percent and 8.0 percent respectively in July and August, confirmed BoA’s governor Gent Sejko during a press announcement. “Recent information suggests that increased supply and uncertainty...

BoA Cuts Key Rate to Record Low to Curb COVID-19 Hit
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BoA Cuts Key Rate to Record Low to Curb COVID-19 Hit

TIRANA, March 25 The bank of Albania (BoA) has cut its key rate to a record-low of 0.5 percent from 1.0 percent in a bid to alleviate the economic impact from the new coronavirus pandemic, BoA’s Governor Gent Sejko said on Wednesday. Sejko said that precautionary measures taken by public and private authorities to halt...

BoA Cuts Key Rate to Record Low of 1%
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BoA Cuts Key Rate to Record Low of 1%

TIRANA, June 7 The Supervisory Council of the Bank of Albania (BoA) decided in an unexpected meeting to cut the key rate to the record low of 1 percent. BoA’s governor Gent Sejko said in a press conference on Wednesday that the Supervisory Council focused on the analysis of the rapid appreciation of the exchange...

BoA Keeps Key Rate at Record Low and Nitpicks Govt over Investments
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BoA Keeps Key Rate at Record Low and Nitpicks Govt over Investments

TIRANA, October 6 The Bank of Albania (BoA) confirmed that the key rate will remain unchanged at the record low of 1.25percent after the Supervisory Council reviewed the most recent economic and monetary developments. Governor Gent Sejko stated that the new information scrutinized in the interim monetary policy report met the expectations of the bank,...

BoA Leaves Key Rate Unchanged at 1.25%
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BoA Leaves Key Rate Unchanged at 1.25%

TIRANA, August 3 Governor of the Bank of Albania (BoA) Gent Sejko confirmed during press statement he held on Wednesday that the Supervisory Council will keep the key rate for Lek unchanged at the level of 1.25 percent. According to Sejko, economic growth is expected to have a positive impact while the monetary policy will...

Albanian Economy Increased Over First Half of 2016
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Albanian Economy Increased Over First Half of 2016

TIRANA, July 6 The Bank of Albania (BoA) will continue to hold the key rate unchanged at the level of 1.25percent following a decision of the Supervisory Council. Governor Gent Sejko confirmed this during a press conference he held on Wednesday. Sejko also highlighted that the Albanian economy marked a progressive increase during the first...