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Bulgaria C-Bank Interest Rate Back to Record Low
Date: 01/08/2010
Bulgaria C-Bank Interest Rate Back to Record Low

The Bulgarian National Bank (BNB) has set the basic interest rate back to its lowest levels since the index was recorded for the first time in 1991.

From August 1 2010, the basic interest rate has been set at the record low of 0,17%, which is down by 0,01 percentage points compared to the previous month.

The interest rate decrease is part of a continued trend that started at the beginning of last year from levels at 5,17%. The downward movement was reversed in May only for the growth to last one more month.

The sharpest dip in the basic interest rate was recorded in February, when it decreased from 5,17% to 3,92%.

The Bulgarian National Bank (BNB) announced the highest basic interest rates since 2005 in December 2008, setting it at 5,77%.

Topic: Financial

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