Bulgaria Monetary & Financial indicators 2010
Monetary and financial indicators – Bulgaria 2010
SOFIBOR (3 months) |
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2006 | 2007 | 2008 | June-09 | July-09 | Aug-09 | Sept-09 | Oct-09 | Nov-09 |
3.69 | 4.90 | 7.14 | 5.94 | 5.69 | 5.30 | 5.11 | 4.84 | 4.80 |
index |
М3 |
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2006 | 2007 | 2008 | June-09 | July-09 | Aug-09 | Sept-09 | Oct-09 | Nov-09 |
26.9 | 31.2 | 8.8 | 3.6 | 1.7 | 1.0 | 1.6 | 4.4 | 6.4 |
yoy % ch. |
Credit to Non-financial Corporations and Households
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2006 | 2007 | 2008 | June-09 | July-09 | Aug-09 | Sept-09 | Oct-09 | Nov-09 |
23.7 | 63.7 | 32.5 | 11.2 | 7.6 | 5.4 | 5.0 | 3.9 | 3.7 |
yoy % ch. |
Exchange rate USD/BGN |
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2006 | 2007 | 2008 | June-09 | July-09 | Aug-09 | Sept-09 | Oct-09 | Nov-09 |
1.56 | 1.43 | 1.34 | 1.40 | 1.39 | 1.37 | 1.34 | 1.32 | 1.31 |
value |
Nominal effective exchange rate |
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2006 | 2007 | 2008 | June-09 | July-09 | Aug-09 | Sept-09 | Oct-09 | Nov-09 |
126.4 | 127.5 | 131.2 | 133.0 | 132.9 | 133.4 | 134.1 | 134.3 | |
index |
What is:
SOFIBOR | Three-month interbank market index SOFIBOR (SOFIBOR: Sofia Interbank Offered Rate is a fixing of the quotations for unsecured BGN deposits offered in the Bulgarian interbank market) |
М3 | Growth rate compared to the same period of the previous year (monthly value: value at the end of the month) |
Credit to Non-financial Corporations and Households and NPISHs (loans) | Growth rate compared to the same period of the previous year (monthly value: value at the end of the month) |
Exchange rate USD/BGN | Period averages |
Nominal effective exchange rate | Index (June 1997=100) |
In November 2009 the three-month interbank market index SOFIBOR decreased from 4.84 to 4.80% compared to the previous month, whereas the value in November 2008 was 7.89%.
The annual growth rate of the broad money (monetary aggregate M3) was 6.4% in November 2009 against 4.4% in October, as at the end of November M3 amounted to BGN 46.761 billion (71.4% of the projected GDP for 2009) against BGN 46.554 billion in October (71.1% of GDP). The narrow money M1 amounted to BGN 17.738 billion as it decreased by 7.8% annually against a drop of 12.3% in October.
In November 2009 the volume of the loans to nonfinancial corporations, households and NPISHs amounted to BGN 50.054 billion (76.4% of the projected GDP for 2009), as their annual increase was by 3.7% against 3.9% in October 2009. The annual growth rate of the loans to non-financial corporations in November was 2.0% against 2.6% in the previous month and that of the loans to the households and NPISHs – 6.6% in November compared to 6.1% in October.
In November 2009 the exchange rate BGN against the US dollar decreased in comparison with the previous month from 1.32 to 1.31.