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The Supervisory Council of the Bank of Albania has decided today, November 5, 2025, to keep the base interest rate unchanged at 2.5%. The overnight deposit rate also remains unchanged at 1.5% and the overnight loan rate at 3.5%.
In his speech after the meeting, Governor Gent Sejko said that the Albanian economy is moving at a stable pace and that the current monetary policy has had the necessary effects in stabilizing prices and promoting lending.
" The Albanian economy has continued to grow, while the main parameters of economic, monetary and financial stability remain consolidated. Inflation has marked a slight increase during the third quarter, but it continues to remain at low levels and below our target ," he said.
The Governor emphasized that the Bank's timely response has helped maintain price stability and market confidence.
" Monetary policy has had a positive contribution in controlling inflationary pressures. The flexibility we have shown through coordination with fiscal policy and the exchange rate has created an accommodative monetary environment for increased consumption, investment and lending ," Sejko added.
According to the monetary policy report for the fourth quarter, average inflation is 2.4%, while the Bank expects it to return to the 3% target in the first half of 2026.
Sejko underlined that financial markets remain calm, lending continues to grow at double-digit rates, and the main sectors of the economy are expanding.
“ Financial markets are characterized by ample liquidity and low interest rates. Credit to the private sector has increased by 14%, supporting investment and consumption. The quality of the loan portfolio remains satisfactory and the banking sector indicators are healthy ,” he said.
However, the governor acknowledged that the risk landscape remains complex, including geopolitical tensions and labor market shortages.
" Increasing wages and high demand for labor may constitute new inflationary pressures. The Bank of Albania will continue to make prudent decisions, based on new information and economic developments ," Sejko continued.
In conclusion, the Supervisory Council considered the current monetary policy stance to be appropriate for meeting the price stability objective, while signaling that future decisions will depend on the performance of inflation and the pace of economic growth.
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