Albania, Armenia and North Macedonia make policy decisions
North Macedonia pauses tightening as Albania’s continues, while Armenia faces 0% inflation
Albania: The Bank of Albania’s supervisory council increased its policy rate by 25 basis points on November 1, taking the headline rate to 3.25%.
Since March 2022, it has raised its rate seven times, totalling 275bp of increases. Inflation was 3.8% year on year as of October 1, and averaged 4.1% in the third quarter, the central bank said.
This remains above the 3% target, but well below its peak of 8.1% in October 2022. The central bank said expects to achieve its target in the middle of next
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