Interest Rate in Bulgaria

Bulgaria Interest Rate | Economic News & Forecasts

Bulgaria - Interest Rate

Economic 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

2013  2014  2015  2016  2017  
Policy Interest Rate (%)0.02  0.02  0.01  0.0  0.0  

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Bulgaria Interest Rate Chart


Bulgaria Interest Rate
Note: Base rate in %.
Source: Bulgarian National Bank.

Bulgaria Facts

ValueChangeDate
Bond Yield1.000.0 %Aug 07
Exchange Rate1.69-0.72 %Aug 07
Stock Market611-0.35 %Aug 07

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