Tuesday, December 17, 2013

Albania cuts rates a further 25 bps to 3.0%

    Albania's central bank cut its benchmark repurchase rate by another 25 basis points to 3.0 percent along with its reverse repurchase rate that was also cut by 25 points to 3.0 percent.
    The Bank of Albania, which did not issue any statement in connection with the decision by the bank's supervisory council on Dec. 16, has now cut rates by 100 basis points this year.
    Albania's inflation rate fell to 1.0 percent in November from 1.7 percent in both October and September while annual growth in the country's Gross Domestic Product fell to 1.1 percent in the second quarter from 1.8 percent in the first quarter.



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