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Nominal Interest Rate Hits Record Low Levels

Date: 08.02.2010

The nominal interest rate dropped to record low levels of 0.24 %, reported sources from the Bulgarian National Bank. This has been the lowest rate since statistics are carried out. In January the basic interest rate was 0.39 %. It has been drastically dropping since the beginning of last year. In January 2009 it was 5.7 %.

The new system Target 2 was introduced in BNB. It will allow the quicker transfer of euros.

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