KEYWORDS TODAY:   BSPRESIGNATIONKTB

HOT: » Outgoing Parliament Speaker Mihail Mikov to take over from Sergey Stanishev as Chairman of the Bulgarian Socialist Party

Bulgaria's Central Bank Cuts Main Interest Rate

Business » FINANCE | July 1, 2014, Tuesday // 10:56| Views: 844 | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria's Central Bank Cuts Main Interest Rate Photo by BGNES

Bulgarian National Bank (BNB) has lowered the benchmark interest rate from 0.05% to 0.03%.

The measure comes into force just a day after BNB announced it would slash interest rates on deposits at the Corporate Commercial Bank (KTB), Bulgaria's fourth-largest bank which was placed under special supervision in mid-June after its Governing Council requested the step citing exhaustion of liquidity.

KTB and its subsidiary Credit Agricole Bulgaria saw rates reduced to their medium market level for the banking system.

Finance » Be a reporter: Write and send your article
Tags: BNB, KTB, interest rate, Credit Agricole Bulgaria
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria