Macroeconomic Monitor
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лихвени проценти

State of the credit market in Bulgaria

A new study of the credit market shows the main trends in borrowed funds and their interest rates. The study provides another insight into the unusual for Europe interest rate dynamics in the Bulgarian household lending sector. On the eve of a possible reversal of monetary policy in Europe, the credit market in Bulgaria remains highly dynamic, …

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Negative interest rates are the price we pay for de-civilization

By Jeff Deist, Mises.org Bloomberg Terminal, the financial software used by countless analysts and traders around the world, has a problem: its system can’t price bonds that use negative interest rates. The programmers never even considered such a situation possible, so they didn’t …

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The Ogre of Deflation*

Having barely emerged from recession, the European economy is showing negligible growth and, by all accounts, is on the verge of entering a deflationary spiral. A situation similar to that in Japan, which lost two decades of no economic progress. It is time for tough measures from the ECB, warn world-renowned financial analysts and …

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