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The interest rate remains at 3.25 percent. Sejko: The economy will grow slowly

2023-12-21 10:17:08Biznes SHKRUAR NGA REDAKSIA VOX

The basic interest rate for the lek will not change. The Bank of Albania decided to keep it at 3.25 percent, the level set at the beginning of last month.

Although increasing, the interest rate continues to be stimulating for the economy. The supervisory council judged that the trajectory of monetary conditions remains in line with the return of inflation to the target within a horizon of several 3 months", said Gent Sejko, Governor of the Bank of Albania.

According to the estimates of the Bank of Albania, although at a slower rate, the economy will continue to grow during the next year. The optimistic forecasts are also based on the "Growth Plan" of the European Union for the six countries of the Western Balkans.

"Foreign direct investments and exports will be especially stimulated. Consumption is also expected to increase", added Sejko.

Meanwhile, the Central Bank expects that next year even more euros will be introduced into the country, influencing the further devaluation of the latter.


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