Bank of Albania positive about Albania's economic growth in 2015
Xinhua, February 5, 2015 Adjust font size:
Albanian economy will register a positive growth in 2015, Bank of Albania said in its Monetary Policy Report for the fourth quarter of 2014 on Wednesday.
According to the Central Bank, positive performance indicators of the Albanian economy will be stimulated by the Bank's monetary policy, whereas the pace of low prices will be defined by the trend of falling prices in the international market.
In its report, Central Bank says that probability of default has been reduced significantly, creating higher expectations for more positive factors.
"Albania's economy grew 2.1 percent in 2014, lower than the growth rate projected by the government," the report says.
Being under the inflationary pressure, Albania's Central Bank has pursued cautious monetary policies leading to the decrease of the long-term interest rates.
In its meeting last month, the Supervisory Council of the Bank of Albania cut its benchmark interest rate to 2 percent. Endit