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Bank of Albania Monetary Policy Document for 2012 - 2014

Bank of Albania Monetary Policy Document for 2012 - 2014

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Published by shefdomi
INTRODUCTION

The Bank of Albania is the monetary authority of the Republic
of Albania. Pursuant to the legal framework in force, it has the
exclusive right to design, approve and implement the monetary
policy in Albania. The monetary policy is designed, approved and
implemented with a view to accomplish the mandated objective
of the Bank of Albania: achieve and maintain price stability.
Through the Monetary Policy Document, the Bank of Albania:
• publicly explains its primary objective of price stability, by
defining it in quantitative terms and laying out its time frame;
• describes the theoretical framework that will guide the design
of monetary policy;
• details the quantitative and qualitative indicators that will
steer the Bank of Albania’s decision-making in the area of
monetary policy;
• introduces the framework of instruments employed to
implement the monetary policy; and
• presents the main channels and instruments of
communicating the monetary policy to the public.
The Monetary Policy Document for the period 2012-2014 has
been designed as a follow-up of the Monetary Policy Documents
for the period 2004-2011. It is formulated in line with Albania’s
comprehensive medium-term development programme and the
Bank of Albania’s Medium-Term Strategy.
INTRODUCTION

The Bank of Albania is the monetary authority of the Republic
of Albania. Pursuant to the legal framework in force, it has the
exclusive right to design, approve and implement the monetary
policy in Albania. The monetary policy is designed, approved and
implemented with a view to accomplish the mandated objective
of the Bank of Albania: achieve and maintain price stability.
Through the Monetary Policy Document, the Bank of Albania:
• publicly explains its primary objective of price stability, by
defining it in quantitative terms and laying out its time frame;
• describes the theoretical framework that will guide the design
of monetary policy;
• details the quantitative and qualitative indicators that will
steer the Bank of Albania’s decision-making in the area of
monetary policy;
• introduces the framework of instruments employed to
implement the monetary policy; and
• presents the main channels and instruments of
communicating the monetary policy to the public.
The Monetary Policy Document for the period 2012-2014 has
been designed as a follow-up of the Monetary Policy Documents
for the period 2004-2011. It is formulated in line with Albania’s
comprehensive medium-term development programme and the
Bank of Albania’s Medium-Term Strategy.

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Published by: shefdomi on Sep 04, 2012
Copyright:Attribution Non-commercial

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06/19/2013

 
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