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Date stated in the original: 3 March 2016. Review note: 6 November 2026.

The text of the original article

Bulgaria: interest rates falling — image from the original website

The latest figures from the Bulgarian National Bank (BNB) show that interest rates on consumer loans in euros have fallen to 7.09%. In December 2014 the rate was almost 9%, a decrease of nearly two percentage points in just over a year. Interest rates on loans in BGN also declined slightly, by 0.66 percentage points: from 13.13% in December 2014 to 12.47% in the same month of 2015. Comparing December with November 2015, however, interest rates on loans in BGN increased by 0.7 percentage points. Rates on home loans in BGN fell to 5.91% in December 2015, compared with 6.77% in 2014. Over the same period, rates on euro-denominated mortgages declined from 7.35% to 6.54%. The BNB also reports a significant reduction in the annual interest rate on large business loans in euros, from 2.63% in 2014 to 1.48% in December 2015.