The governor of the Bank of Albania, Gent Sejko, stated that the Supervisory Council of the institution, which he heads, decided to increase the interest rate of the 1-day loan to 3.25%.

During a press conference, Sejko emphasized that it was also decided to increase the interest rate of the 1-day deposit to 1.25% and the base interest rate by 0.5%, bringing it to 2.25%.

“The war in Ukraine is a major source of uncertainty and an escalation of the war could lead to higher commodity prices, disruption of supply chains, and lower or negative regional and European economic growth.

Judging, the Supervisory Council decided at today’s meeting to increase the base interest rate by 0.5%, bringing it to the level of 2.25%, to increase the 1-day deposit interest rate by 0.5%, bringing it to the level of 1.25% and to also increase the 1-day loan interest rate by 0.5%, bringing it to the level of 3.25%”, emphasized Sejko.