The Bank of Albania published Governor Gent Sejko’s address at its centennial conference, setting out a forward-looking policy orientation centred on a clear price-stability mandate and continuity in the current monetary policy framework. He argued that widening central bank mandates beyond objectives backed by legitimacy and appropriate tools can create decision conflicts and undermine credibility, while positioning EU accession as the main external anchor for convergence in financial regulation and infrastructure. The speech reiterated that the Bank of Albania views its inflation-targeting regime combined with a freely floating exchange rate as the optimal approach for controlling inflation, stabilising activity and absorbing shocks, including by supporting the lender-of-last-resort function. On banking oversight, the central bank plans to continue work toward full adoption of the European Union’s regulatory framework, supervisory practices, macroprudential and resolution tools, and safety nets, alongside further development of monetary markets and payment systems, citing Albania’s recent membership in the Single Euro Payments Area as a milestone for financial integration. Sejko also highlighted key challenges shaping the decade ahead, including geopolitical fragmentation, rapid financial innovation (digitalisation of payments, blockchain technology, digital assets and decentralised finance), and demographic and productivity constraints, while noting the Bank’s role in EU integration work through inter-institutional working groups. The Bank of Albania also issued a centennial commemorative coin, “100 Years of the Bank of Albania, 1925–2025”, which has no legal tender status.
Bank of Albania 2025-11-11
Bank of Albania governor reaffirms inflation-targeting and EU regulatory convergence agenda in centennial conference address
Governor Gent Sejko of the Bank of Albania emphasized price stability and continuity in monetary policy at the centennial conference, advocating for an inflation-targeting regime with a freely floating exchange rate. He highlighted the central bank's commitment to adopting the EU's regulatory framework and enhancing financial integration, while addressing challenges like geopolitical fragmentation and rapid financial innovation. The Bank also issued a commemorative coin for its 100-year anniversary.