{"id":17026,"date":"2021-07-08T09:55:37","date_gmt":"2021-07-08T07:55:37","guid":{"rendered":"http:\/\/euronews.al\/en\/?p=17026"},"modified":"2021-07-08T09:55:37","modified_gmt":"2021-07-08T07:55:37","slug":"estimated-economic-growth-governor-base-interest-rates-unchanged-full-recovery-far-from-over","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/estimated-economic-growth-governor-base-interest-rates-unchanged-full-recovery-far-from-over\/","title":{"rendered":"Estimated economic growth, Governor: Base interest rates unchanged, full recovery far from over"},"content":{"rendered":"<p>The Albanian economy is expected to see a rapid and steady rise during the year and the two following years.<\/p>\n<p>Bank of Albania Governor, Gent Sejko, said that an estimated positive growth of over 5% is projected.<\/p>\n<p>\u201cThis rise will be accompanied with an expansion of the employment sector and a rise of income by creating the necessary environment for a reverse of our current inflation back to our objective rate within 2022,\u201d said the governor.<\/p>\n<p>During Wednesday\u2019s meeting, the Supervisory Council decided to keep the base interest rate unchanged, at the current level of 0.5% and to do the same with interest rates for one-day deposits and loans, which will be left at 0.1% and 0.9% respectively.<\/p>\n<p>\u201cThe improvement of the demand on loans and the favorable terms of the offer, have resulted in a relatively sharp rise in crediting. The loan portfolio for the private sector marked a yearly rise by 7.8% in May, in relation to an average yearly rate of 6.8% during 2020. Apart from the overall rise of the portfolio, the dynamics of crediting, bear with them other positive signals as well,\u201d said Sejko.<\/p>\n<p>In any case, according to the Governor of the Bank of Albania, our economy is far from a complete normalization of its activities. This process, according to the governor, should continue to receive support from stimulating policies.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/06\/29\/local-economy-grows-by-5-5-during-the-first-trimester-of-2021\/\">Local economy grows by 5.5% during the first trimester of 2021<\/a><\/strong><\/li>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/06\/16\/albanian-economy-shows-signs-of-triumph-against-the-pandemic\/\">Albanian economy shows signs of triumph against the pandemic<\/a><\/strong><\/li>\n<li class=\"title-post\"><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2021\/05\/17\/a-plan-to-revive-our-blue-economy-klosi-in-5-years-albania-will-be-an-ambitious-actor-in-coastal-tourism\/\">Plan for our \u2018blue economy\u2019 Klosi: In 5 years, Albania will be an ambitious actor in coastal tourism<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Albanian economy is expected to see a rapid and steady rise during the year and the two following years. Bank of Albania Governor, Gent Sejko, said that an estimated positive growth of over 5% is projected. \u201cThis rise will be accompanied with an expansion of the employment sector and a rise of income by [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":17028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[151],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Estimated economic growth, Governor: Base interest rates unchanged, full recovery far from over - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/estimated-economic-growth-governor-base-interest-rates-unchanged-full-recovery-far-from-over\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estimated economic growth, Governor: Base interest rates unchanged, full recovery far from over - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"The Albanian economy is expected to see a rapid and steady rise during the year and the two following years. 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