The reference rate reaches its lowest level of 1.82% since August 2025

01.08.2025 | Economy

The Bulgarian National Bank announced another reduction of the base interest rate, continuing the downward trend since the peak values at the end of 2023.

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The country's financial indicator – the base interest rate (BIR), registered another decline, reaching 1.82% as of August 1, 2025. The official announcement was made by the central banking institution.

The decline amounts to 0.09 percentage points compared to the previous month, when the value was fixed at 1.91%. Experts note that this is the 11th consecutive month of a consistent reduction in the simple annual interest rate.

The historical review shows dramatic changes in the interest rate – from zero level to a peak of 3.80% at the end of 2023. A significant jump was registered after September 2022, when substantial corrections were made for the first time since 2016.

The main function of the BIR remains related to calculating annual interest on financial obligations, with the indicator continuing to be key for economic analyses.