Bulgaria’s central bank announces super hike in base interest rate
![Bulgaria’s central bank announces super hike in base interest rate](https://bnt.bg/f/news/b/312/584da909887fce3d4dd3b898c20f9211.jpeg)
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.