Central Bank Governor: Albanian economy grows by 4% in first half of the year
The Governor of the Bank of Albania, Gent Sejko, announced that the country’s economy grew by 4% in the first half of the year. He also noted a 2% decline in inflation, attributed to the strengthening of the Albanian lek.
Why is this important: These economic indicators signal positive momentum for Albania, with stable growth and inflation control contributing to a healthier financial environment. The reduction in inflation and the strengthening currency may boost consumer confidence and economic stability.
Details:
- Economic growth: “The economy grew by 4% during the first half of the year,” Sejko stated, emphasizing the positive trajectory of financial development.
- Inflation control: Inflation decreased by 2%, driven by the stronger lek, contributing to more stable prices in the market.
- Monetary policy: The Supervisory Council has lowered the interest rate for the lek by 0.25%, a move aimed at maintaining price stability. “We will continue to strive to uphold market price stability,” Sejko affirmed.
Sejko’s forecast suggests ongoing and sustainable economic growth, highlighting the central bank’s commitment to fostering a stable financial climate.
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