site.btaBase Interest Rate in Bulgaria Drops to 3.22%

The base interest rate (simple per annum interest) in Bulgaria has dropped to 3.22% in November, which is its lowest level since July 2023, the Bulgarian National Bank (BNB) said here on Thursday.

This represents a decrease of 0.21 percentage points decrease from October, when the base interest rate was at 3.43%.

The last time Bulgaria's base interest rate was lower was in July 2023, when it stood at 3.12%.

The peak in the increase in the base interest rate in recent years was 3.80%, reached in late 2023 and repeated in March of 2024.