Central Bank continues trend in hiking key interest rate as inflation bites

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Albania’s central bank intervened again on Wednesday, for the fourth time in a row, increasing its key interest by 0.5 percentage points to 2.75 percent.

In continued attempts to counter an ever-increasing inflation, the Bank of Albania Supervisory Council has been increasing rates since March, after 13 years of unchanged near-zero rates.

The increase in rate in practical terms means that those who have or take loans in Albanian Lek (ALL) will have to pay more in interest.

 

 

 

 

 

 

HIDAYAT TV Official
www.hidayattv.uk

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