By bne IntelliNews The Bank of Albania supervisory council decided on October 5 to increase the policy rate by 0.5 percentage points (pp) to 2.25%. The decision was made based on rising inflation in Albania. While the annual consumer price inflation rate — at 8.0% in August — is below most countries in the region, it has still risen strongly since mid-2021. The central bank also raised both the overnight deposit rate and the overnight lending rate by 0.5 pp each to 1.25% and 3.25% respectively. The bank’s Intermediate Monetary Policy Report concluded that supply-side shocks and the heightened …