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Bulgaria Central Bank Interest Rate Hits New Low The Bulgarian National Bank (BNB) has announced the lowest basic interest rate since the index was recorded for the first time in 1991.
From April 1 2010, the basic interest rate has been set at the record low of 0,17%, which is down by 0,01 percentage points compared to the previous month.
April is the ninth month in a row, in which the basic interest rate sinks under 2% and the sixth 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%.
Tags: basic interest rate, BNB
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