The geopolitical situation in the world and the conflict in the Middle East are increasingly translating into a risk for our domestic economy as well. The Governor of the Bank of Albania, Gent Sejko, during his tour of meetings at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), held in Washington, emphasized the consequences of the conflict even in Albania, focusing on the risk of inflation volatility as a result of rising oil prices. "Our country remains an oil-importing economy, which still accounts for about 60% of our energy consumption, 6% of the cost structure across the entire economy, and 4% of the consumption basket. Therefore, higher oil prices are expected to translate into higher CPI inflation and slower growth, at least in the short term. Under these circumstances, the priority of our monetary policy is to prevent these temporary supply-side pressures from being reflected in inflation expectations," stated Gent Sejko, Governor of the Bank of Albania.