Albanian economy will continue to grow, Sejko says

5 Tetor 2022, 17:26Economy TEMA

The governor of the Bank of Albania, Gent Sejko declared today that the Albanian economy continued to grow in the first half of the current year, although the growth momentum slowed down substantially in the second quarter.  

According to him, this slowdown reflected both the impact from a base effect coupled with the high costs and the heightened uncertainty negative-related effects.

The head of the central bank said the Albanian economy will continue to grow over the medium-term, though at somewhat decelerated growth rates.

Meanwhile, the country's central bank also decided to increase interest rate by 0.5% to 2.25%.

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