Page 28 - SE Outlook Regions 2022

So far, the Bank of Albania has resisted hiking the policy rate, keeping it
at a low 0.5% at the latest meeting of the supervisory council in
December. Members of the council said the policy stance remains
“adequate”, and the monetary stimulus supports the increase in the
demand for goods and services, compensates the expected reduction
of fiscal stimulus and establishes the premises for the rise of
employment, wages and inflation in line with the bank’s target.
However, it added that meeting the inflation target in the medium term
will require the gradual normalisation of the monetary policy in the
coming quarters.

2.2 Macroeconomy - Bosnia & Herzegovina

Bosnia & Herzegovina key economic figures and forecasts

2016 2017 2018 2019 2020 2021E 2022F

Nominal GDP (€ bn) 15.2 16.0 17.0 18.0 17.4

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