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
Bulgarian President Rumen Radev extended an invitation to Japanese business to invest in Bulgaria . This happened during an economic forum in Tokyo organized by the Japan External Trade Organization JETRO . At the forum, Radev who is on..
According to Eurostat estimates, price growth in the EU slowed down to 2.4% year-on-year in April 2025, compared to 2.5% in March. According to data reported by BTA, Bulgaria's annual inflation rate slowed down to 2.8% in April, down from 4% in March..
'The land of the rising sun' — this evocative name resonates beautifully with Bulgarians. The country is also known as the 'cherry blossom garden' and the 'mighty financial powerhouse'. These descriptions are all accurate, sparking the interest of..
+359 2 9336 661