Bulgaria Monetary & Financial indicators 2010


Monetary and financial indicators – Bulgaria 2010


SOFIBOR (3 months)

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

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

 

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

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

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.




dynamics-of-monetary-aggregates-bulgaria

m3-and-credit-to-non-financial-corporations-and-households-loans-bulgaria.

producer-prices-on-domestic-market-bulgaria

selling-price-expectations-retail-trade-nulgaria

sofibor-finance-key

Comments are closed.