Bulgaria’s Eurozone Entry Will Not Lead to Debt Risks, Assures Central Bank Chief
The Bulgarian National Bank will stay the course with its conservative and stability-oriented monetary policy even after the country enters the eurozone
Bulgaria’s National Bank increased the Main Interest Rate for February
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The Bulgarian National Bank (BNB)
BNB increased the main interest rate in February to 1.82. In January it was 1.42%.
The central bank started increasing the main interest rate since October last year, when it went from 0 percent to 0.49 percent.
In its pure form, the basic interest rate is applied to a limited extent in the banking market, but it is a prerequisite for determining the reference interest rates of credit institutions.
With its increase, the legal interest for delay also increases, which is 10% plus the value of the indicator.
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