site.btaBase Interest Rate in Bulgaria Drops to 2.95%

As of January 1, 2025, the base interest rate (simple per annum interest) in Bulgaria will drop to 2.95%, the Bulgarian National Bank said here on Thursday.

This represents a decrease of 0.21 percentage points decrease from December 2024, when the base interest rate was at 3.04%.

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. The base interest rate in Bulgaria remained at zero for many years, but at the end of September 2022, a series of increases began.