November 11, 2009 - The Bulgarian National Bank (BNB) has announced the lowest basic interest rate since the index was recorded for the first time in 1991.
From November 1 2009, the basic interest rate has been set at 0,61%, which is down by 0,85 percentage points compared to the previous month. This is the first time that the basic interest rate falls under 1%.
The interest rate decrease is part of a continued trend that started at the beginning of the year from levels at 5,17%.
However, deposit rates in Bulgaria average 8% for LEV
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