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Bulgaria’s central bank announces super hike in base interest rate

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bulgariarsquos central bank announces super hike base interest rate

Bulgarian National Bank announced the increase of the Base Interest Rate (BIR) to 1.30% from 1 December 2022, after it was raised to 0.59% from 1 November 2022.

It has no direct impact on deposit and lending rates in the country.

They are mainly determined by interest rates set by the European Central Bank.

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