Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian National Bank increases base interest rate to 1.3%

Photo: BGNES-archive

"The Bulgarian banking sector is stable. The country's accession to the eurozone is a macroeconomic and political catalyst that should not be missed, said National Bank Governor Dimitar Radev before the conference "Banks and Business in Bulgaria in 2023". 

"We are ready to put our foot on the accelerator. The reforms needed for an accession to the eurozone are good for Bulgaria’s economy as a whole," Dimitar Radev added and noted that the country's budget deficit should not exceed 3% of the gross domestic product. "Like other central banks, the Bulgarian National Bank will raise the base interest rate to bring inflation down to healthy levels", Dimitar Radev.

The Bulgarian National Bank has announced a base interest rate 1.3% as of December 1. In November it raised the base interest rate to 0.59%. 




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

How will the adoption of the euro affect real estate prices in Bulgaria?

The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..

published on 5/21/25 11:35 AM

The wealth of Bulgarians reaches a historic high - study says

At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product.  According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..

published on 5/20/25 2:16 PM
President Rumen Radev

Bulgarian President invites Japanese businesses to invest in Bulgaria at forum in Tokyo

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..

published on 5/20/25 10:52 AM