{"id":24217,"date":"2011-10-03T03:46:00","date_gmt":"2011-10-03T07:46:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/10\/03\/bank-of-albania-cuts-rate-25bps-to-5-00\/"},"modified":"2011-10-03T03:46:00","modified_gmt":"2011-10-03T07:46:00","slug":"bank-of-albania-cuts-rate-25bps-to-5-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/10\/03\/bank-of-albania-cuts-rate-25bps-to-5-00\/","title":{"rendered":"Bank of Albania Cuts Rate 25bps to 5.00%"},"content":{"rendered":"<p><span><span>The&nbsp;<a href=\"http:\/\/www.bankofalbania.org\/\">Bank of Albania<\/a>&nbsp;decreased its main monetary policy interest rate by 25 basis points to 5.00% from 5.25% previously. &nbsp;Bank of Albania Governor, Adrian Fullani, said: &#8220;The Supervisory Council decided to decrease the basic interest rate by 0.25 percent, by making its value 5 percent. This serves the achievement of the inflation&#8217;s objective in middle-term periods and at the same time it offers the necessary monetary conditions to stimulate economic activities in the country. I believe that this measure will be transmitted at the defined level,&#8221;<\/span><\/span><\/p>\n<div><span><span><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div><span><span><span>The Bank of Albania previously raised the&nbsp;<\/span><\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/03\/bank-of-albania-raises-interest-rate.html\">interest rate<\/a><span><span>&nbsp;by 25 basis points to 5.25% at its March meeting this year, while holding the interest <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/bank-of-albania-holds-interest-rate-at.html\">rate unchanged<\/a> at its June meeting. &nbsp;Albania reported annual inflation of 3.1% in August, down from 4.2% in May this year, and 4.5% earlier in February this year, but still above the Bank&#8217;s 3% inflation target. &nbsp;<\/span><\/span><\/span><br \/><span><span><span><br \/>The IMF sees Albania&#8217;s&nbsp;economy&nbsp;growing 2.7% this year, while the government sees 5% GDP growth; Albanian economic growth was 2.3% in 2010. &nbsp;Albania&#8217;s currency, the Lek (ALL) has weakened by about 1% against the US dollar this year; the USDALL exchange rate last traded around 105.5<\/span><\/span><\/span><br \/><span><br \/><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2503113088328474780?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank of Albania&nbsp;decreased its main monetary policy interest rate by 25 basis points to 5.00% from 5.25% previously. &nbsp;Bank of Albania Governor, Adrian Fullani, said: &#8220;The Supervisory Council decided to decrease the basic interest rate by 0.25 percent, by making its value 5 percent. This serves the achievement of the inflation&#8217;s objective in middle-term periods &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/10\/03\/bank-of-albania-cuts-rate-25bps-to-5-00\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of Albania Cuts Rate 25bps to 5.00%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-24217","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=24217"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24217\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}