Bulgaria's Interest Rate Highest in EU's Non-Eurozone

The Bulgarian National Bank announced the effective interest rate in November 2010 has been 9.38%. Photo by BGNES

Bulgaria has the highest interest rate among all EU member states which are yet to introduce the Euro.

This concerns as well mortgage interest rates as bank loans. The effective interest rate in Bulgaria November 2010 has been 9.38%, according to the Bulgarian National Bank' s report.

Another new EU member state has the second highest interest rate – Romania, with 6.7%.

According to information given by central banks across Europe, Finland is the Eurozone country with the lowest interest rates, while Denmark is the leader among the states which have not introduced the Euro.

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