Wednesday, June 25, 2014

Albania maintains rate, earlier cuts to boost inflation

    Albania's central bank maintained its key interest rate at 2.50 percent, saying the "gradual transmission of earlier key interest rate cuts to the financial markets will provide adequate monetary conditions for inflation to return to target over the medium term."
    The Bank of Albania has cut its rate twice this year (in May and February) by a total of 50 basis points for a cumulative cut of 275 basis points since October 2011.
    In May Albania's inflation rate eased to 1.6 percent from 1.7 percent in April, below the central bank's target of 3.0 percent, plus/minus one percentage point.


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