Debt, treasury bond interest rates fall
22/10/2011 08:25
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The decision of Bank of Albania for reducing the basic interest rate for
the Albanian Lek brought the first effects this week, when the
interests of the Treasury Bonds reduced, as reported by the daily
newspaper “Shqip” this Saturday.
The 12-month-termed bonds were sold for 7.5% in the recent auction, falling with 0.17% compared to the previous auction. The Bank of Albania reduced the basic interest rate from 5.25 to 5%.
Through this decision, the government is expected to save a part of the the public debt service cost in the next months.
Albania’s domestic debt is almost completely in ALL and costs to the government at least 8% each year. The decision of Bank of Albania for reducing the interest rate aimed to increase the credit in the economy, since the early inflation in September was 2.8%.
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