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.