Bulgarian National Bank Prepares for Eurozone with New Liquidity Rule
The Bulgarian National Bank (BNB) has adopted a new regulation outlining the framework for providing emergency liquidity support to solvent banks once Bulgaria joins the Eurozone
The Bulgarian National Bank has doubled the Main Interest Rate
- Tweet
Send to Kindle
The Bulgarian National Bank (BNB)
The BNB announced that from today the main interest rate (MIR) is 1.30%. The increase is more than double compared to November.
The MIR rose for the second time this year, after being consistently at zero percent since 2016. From October 1, the main interest rate in Bulgaria rose to 0.49%.
The increase in the prime rate: September - 0.0%, October - 0.49%, November - 0.59% and December - 1.3%
MIR is used to calculate the penalty or statutory interest in case of delay. As of December 1, the interest for late payments increases to 11.30%.
Several commercial banks in Bulgaria have adopted MIR in determining interest rates on loans.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/OFFNews
Related Articles:
Bulgarian National Bank Warns 2025 Budget Could Derail Eurozone Aspirations
The Bulgarian National Bank (BNB) has expressed strong opposition to the draft state budget for 2025, which is set to be officially submitted to the National Assembly by the caretaker government
Bulgarian National Bank Warns Against Proposed Excess Profits Tax on Banks
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Karimanski Assumes Role in Bulgaria's National Bank, Emphasizes Eurozone Preparedness
President Rumen Radev emphasized the stability of the Bulgarian National Bank (BNB), describing it as one of the most secure financial institutions in Europe
Bulgaria’s National Bank Warns Wage Growth Will Drive Inflation in 2025
The Bulgarian National Bank (BNB) has warned that the strong growth in private consumption and the rise in labor costs per unit of production will have a pro-inflationary effect
Bulgaria's Banks Tighten Loan Conditions Amid Economic Uncertainty
Banks in Bulgaria have reported a tightening of credit conditions for both businesses and households, primarily driven by increased interest rates
Business | November 15, 2024, Friday // 08:00
Bulgaria on the Brink of Joining the Eurozone – Is the Euro Coming Sooner Than Expected?
Bulgaria is on the verge of meeting the inflation criterion
EBRD Doubles Investments in Bulgaria, Boosting Key Sectors in 2024
The European Bank for Reconstruction and Development (EBRD) has significantly increased its investments in Bulgaria for 2024
Stable Finances Pave the Way for Bulgaria’s Next Eurozone Steps
Bulgaria is expected to request extraordinary convergence reports from the European Commission and the European Central Bank for eurozone entry
Bulgaria’s Eurozone Entry: January 1, 2026, Most Likely, Says Asen Vassilev
Bulgaria has met the inflation criterion required for entry into the Eurozone, with an average annual inflation rate of 2.6% over the last 12 months
Inflation in Bulgaria for 2024 Stands at 2.2%, Meeting Eurozone Requirements
Bulgaria's National Statistical Institute has reported that inflation for 2024 stands at 2.2%, a slight increase from the previous year
Easily get $2025! ION Mining New Year Benefits, claim now
IONmining As the cryptocurrency market is booming, ION Mining has launched a new New Year's Eve event to help users start their digital asset investment journey in 2025.
