The base interest rate in Bulgaria is decreasing to 1.91% as of July 1, announced the Bulgarian National Bank. The base interest rate is dropping by 0.16% compared to the previous month, when it stood at 2.07%. Thus, the base interest rate will be below the 2% threshold for the first time in nearly two and a half years. The last time it was below 2% was in February 2023, when it was at 1.82%, reported BTA.
The highest base interest rate level in recent years was 3.8%, reached at the end of 2023 and again in March 2024. For many years, the base interest rate in the country remained 0%, but a series of hikes began in late September 2022. Prior to that, the base interest rate had not been increased since 2016.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: Ani Petrova, BNR
On the threshold of the active summer season, which in this country is no more than two months – July and August, the tourism industry is relatively calm. Bookings are good and forecasts for a growth of 6% compared to last year at the..
This year will be the last in which Bulgarians receive their income in leva. In what currency will people declare their money to the tax authorities next year? This is one of the 221 questions about the euro that the Bulgarian National Bank (BNB)..
After the controversial success of the "Green Deal" and carbon emission quotas, which made electricity in Europe much more expensive than in its main economic competitors - the US and China, the European Commission is preparing new..
On the threshold of the active summer season, which in this country is no more than two months – July and August, the tourism industry..
Partly Cloudy
Mostly Cloudy
sunshine, cloud, rain and thunder
Partly cloudy, chance of rain