Bulgaria's benchmark interest rate down by 2pps y/y in January 2013.

By bne IntelliNews February 7, 2013
Bulgaria's long-term interest rate for assessing convergence among EU members dropped to 3.27% in January from 3.44% in December 2012, central bank data showed. The rate, which is a secondary market yield of government bonds with a remaining maturity close to ten years, declined by 2.02pps compared to January 2012. The highest value was registered in August 2009 after which the rate has followed a persistent downward trend, indicating falling perceived risk. The yield on the last 10.5-year T-bonds issue held on February 4 went further down to a new record low level of 3.26% from 3.43% in January and 5.35% in January 2012.

Bulgaria's benchmark interest rate down by 2pps y/y in January 2013.

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