Bulgaria with Lowest Base Interest Rate in Two Years

Business » FINANCE | March 1, 2009, Sunday // 00:00| Views: | Comments: 0

The Bulgarian National Bank (BNB) has lowered Bulgaria's base interest rate by 0,43 percentage points bringing it to its lowest level since January 2007.

Thus, starting March 1, 2009, Bulgaria's base interest rate will be 3,49%, which is a 1,68 percentage points drop since the beginning of the year when it stood at 5,17%.

In December 2008, Bulgaria's base interest rate reached its highest value in ten years - 5,77%.

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Tags: interest rate, BNB
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