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
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