The Bulgarian National Bank announced 10 bps monthly drop of the Base Interest Rate (BIR) and fixed it at 3.53%. This is the second significant decrease of the BIR, since the easing cycle began in April 2024, when BIR was lowered by 1 bps. Recall that the BIR is formed as a simple average of the values of the LEONIA Plus for the business days of the preceding calendar month.