Interest Rate in Bulgaria
Bulgaria - Interest RateEconomic activity appears to have kept pace in the second quarter thanks to a resilient domestic economy, led in large part by stronger household spending. Retail sales through May recovered from a weak first quarter, and unemployment hit an all-time low in June. Wage growth has been robust and, in turn, consumer confidence has been hovering near its one-decade high. Meanwhile, the first-quarter jump in fixed investment, which benefited from low interest rates and heavy EU-linked capital spending at the outset of the year, seems to have persisted; business confidence remains high and industrial capacity has increasingly tightened. Exports, on the other hand, began to soften in May after previously avoiding the drop in demand from the EU, and trade risks are seen mounting over the coming months as the bloc-wide slowdown hits the external sector. As for the country’s eventual adoption of the euro, progress was made in July as EU officials laid out their conditions for accession, which now include applying to join both the ERM-II and the bloc’s banking union sometime in the next year.
Bulgaria - Interest Rate Data
|Policy Interest Rate (%)||0.02||0.02||0.01||0.0||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Interest Rate Chart
Source: Bulgarian National Bank.
|Bond Yield||1.00||0.0 %||Aug 07|
|Exchange Rate||1.69||-0.72 %||Aug 07|
|Stock Market||611||-0.35 %||Aug 07|
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July 16, 2018
Consumer prices rose 0.1% on a month-on-month basis in June, easing from May’s 0.3% rise.
July 9, 2018
Industrial output rebounded on a monthly basis in May, growing 1.8% in seasonally-adjusted terms (April: -2.0% month-on-month s.a.). On an annual basis, industrial output in working day-adjusted terms was stable from the same month a year earlier in May, contrasting April’s 0.8% contraction.
June 13, 2018
Consumer prices rose 0.3% on a monthly basis in May, moderating slightly from April’s 0.4% rise.
June 8, 2018
Industrial output contracted on a monthly basis in April, falling 2.0% in seasonally-adjusted terms (March: +1.7% month-on-month s.a.). On an annual basis, industrial output declined 0.8% in working day-adjusted terms in April, contrasting March’s 1.6% expansion.
June 7, 2018
Comprehensive data released by the Statistical Institute puts growth in the first quarter at 3.6% year-on-year, a notch above both the preliminary estimate and growth in the fourth quarter last year.