Albanian governor says latest increase brings rates to neutral level

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The Bank of Albania’s board raised the country’s policy rate for the fifth time on November 2, increasing it by 50 basis points to 2.75%.

The board has now raised rates by a total of 225bp this year. Central bank governor Gent Sejko described the tightening cycle as “normalisation”, and the new rate as “neutral”.

Year-on-year consumer price index inflation reached 8.1% in September, according to Albania’s national statistics agency. The central bank has an inflation target is 3%, which Sejko

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