Central Bank To Retain Its Dovish Bias

BMI View: Albania's central bank is generally regard as one of the country's more respected institutions, and has had relative success in keeping inflation within a comfortable range in recent years. Despite this, we remain sceptical that the banks increasingly dovish bias will be sufficient to compensate for weak domestic demand and structural inefficiencies in the economy. Recent Developments: Since cutting its main policy rate by 1 percentage point (pp) over 2014 to 2.00% the Bank Of...

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