site.btaBulgaria's Base Interest Rate to Drop to 2.82% from February 1

The base interest rate in Bulgaria will drop to 2.82% starting from February 1, 2025, the Bulgarian National Bank announced on Friday. This is a decrease of 0.13 percentage points compared to January 2025, when the rate was 2.95%.

This marks the fifth consecutive month of the base interest rate decreasing. The last time the rate increased was in September 2024, when it rose by 0.01 percentage points to 3.54%.

The base interest rate is mainly used in Bulgaria to calculate the legal interest on debts owed to the state.