site.btaCentral Bank Sets Base Rate at 1.82% for February


The central bank Wednesday set the base interest rate at 1.82% as of February 1, 2023. It started raising the base rate in October 2022, first to 0.49%, after previously raising it in 2016.
The base rate was 0.59% in November 2022, 1.30% in December and 1.42% in January.
The interest rate raise comes on the backdrop of increasing interest levels by the European Central Bank, which is affecting the currency market in Bulgaria.
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