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The decrease of BNB basic interest rate is part of a continued trend that started at the beginning of last year from levels at 5,17%. Photo by BGNES
The Bulgarian National Bank (BNB) has announced the lowest basic interest rate since the index was recorded for the first time in 1991.
From March 1 2010, the basic interest rate has been set at the record low of 0,18%, which is down by 0,16 percentage points compared to the previous month.
March is the eighth month in a row, in which the basic interest rate sinks under 2% and the fifth during which it hits lower than 1% levels.
The interest rate decrease is part of a continued trend that started at the beginning of last 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%.
The Bulgarian National Bank (BNB) announced the highest basic interest rates since 2005 in December 2008, setting it at 5,77%.
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