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.








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