Tirana, 2 November 2007 (AENews) - Daily newspaper Koha Jonë quotes Prime Minister’s adviser on economy, Selami Xhepa, as saying that the increase of the interest rate for the Albanian currency would decrease private investments and increase the cost of the state debt.
The Bank of Albania has increase the interest rate several times in the near past in an effort to stop inflation. Xhepa argued that the increase of prices was being imported as Albania imports 80 per cent of products. Minister of Finance, Ridvan Bode, also argued two days ago against a further increase of the interest rate. (AENews)
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