Text size

Banks expect low interest rates will remain unchanged despite inflation

published on 10/4/21 6:01 PM

Photo: Archive

Despite rising inflation, banks expect low interest rates to remain in the medium term, said Tsvetanka Mincheva, head of one of the largest banks in Bulgaria. According to her, the pressure of rising prices provokes people to look for alternative investments, as more and more often these are mutual funds, BNR reported.

Mincheva pointed out that banks are careful when granting loans, although the Covid crisis has shown resilience in the market.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News banks interest rate loans

More from category

Gianni Infantino and Aleksander Čeferin to attend the gala evening "100 Years of Bulgarian Football"

Bulgarian football already has a century-old history, which will be celebrated tonight in Sofia in the presence of distinguished guests. The gala evening "100 Years of Bulgarian Football" will bring together FIFA President Gianni Infantino, UEFA..

published on 12/2/24 5:05 AM

The new week starts with rain and snow

On Monday, the weather will continue cloudy in most parts of the country with rain, more significant in the southeastern regions. Light snow will fall in the Pre-Balkans. Precipitation will stop from the southwest and clouds will break. There will be..

published on 12/1/24 5:20 PM

The annual effect of Bulgaria's accession to Schengen by land will amount to BGN 1.63 billion

The financial effect of our country's accession to Schengen by land will amount to BGN 1.63 billion (EUR 833.4 million) per year, according to a study by the Economic Research Institute at the Bulgarian Academy of Sciences. The greatest benefit..

published on 12/1/24 4:56 PM