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The first negative interest rates on deposits appeared in Bulgaria. They are intended for companies and deposits in euro at agreed maturity. In October, the average annual interest rate of these people fell to less than 0.02%, according to BNB data. For those of BGN, the yield is 0.09%. For households, deposits in BGN and EUR rise to 0.17 and 0.21%.
The data show that the average interest rate on consumer loans granted to households in league continues to grow. They are released at 8.61%. And mortgages are always cheaper and interest on them has fallen to an average of 3.26%, though in BGN and EUR, it is 3.93%, note in "24 hours".
The overall annual percentage rate of BGN consumer loans reached 10.65% in October. At the same date, BGN's mortgages declined to 3.59%.
Bulgaria
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