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Current date: 2009-11-22 04:21

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Lowest basic interest rate since 1991


Finances: Monday, 2009-11-02 03:00
Article by: Darik Radio

The Bulgarian National Bank (BNB) has announced the lowest basic interest rate since the index was recorded for the first time in 1991. From November 1 2009, the basic interest rate has been set at 0.61%, which is down by 0.85 percentage points compared to the previous month.

This is the first time that the basic interest rate falls under 1%. The interest rate decrease is part of a continued trend that started at the beginning of the year from levels at 5.17%. The sharpest dip in the basic interest rate was recorded in February, when it decreased from 5.17% to 3.92%

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