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
The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service..
According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..
“Bulgaria’s accession to the euro area will have a positive impact on the economy, the people, the business sector and the whole country”, said Minister of Economy Petar Dilov in an interview with public service broadcaster BNT. ''On January 1,..
After the controversial success of the "Green Deal" and carbon emission quotas, which made electricity in Europe much more expensive..
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..
Clear