Europe

Bulgarian National Bank

Too few recent speeches for a current tone.

Speeches: 58
First speech: Mar 21, 2006
Latest speech: Dec 11, 2025
Tone vs coming rate moves: Not tested; too few speeches or no published rate

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

The BIS does not publish a policy rate for this central bank, so only its tone is shown.

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.

Date	Speech	Tone
Dec 11, 2025	Dimitar Radev: Bulgaria's accession to the euro area Dimitar Radev	+0.09
Dec 4, 2025	Dimitar Radev: Statement - Banker's Day Dimitar Radev	+0.21
Nov 5, 2025	Petar Chobanov: Speech - opening of the Euro Days at the University of National and World Economy Petar Chobanov	−0.04
Nov 4, 2025	Dimitar Radev: Opening remarks - press conference with Christine Lagarde Dimitar Radev	+0.30
Jun 20, 2025	Petar Chobanov: The effect of the eurozone - the experience of member states Petar Chobanov	+0.13
Apr 15, 2025	Dimitar Radev: Bulgaria's forthcoming entry into the euro area is not just an important step in its European integration Dimitar Radev	+0.17
Mar 20, 2025	Dimitar Radev: Bulgaria currently fulfils unconditionally all nominal convergence criteria Dimitar Radev	−0.03
Jul 4, 2024	Petar Chobanov: What Bulgaria's entry into the euro area means for the financial stability of this country Petar Chobanov	+0.13
May 14, 2024	Dimitar Radev: Bulgaria in the eurozone, when? Dimitar Radev	+0.02
Apr 25, 2024	Petar Chobanov: Opening of the "Banking Today" forum Petar Chobanov	–
Mar 26, 2024	Petar Chobanov: Opening of the "Financial Summit 2024" Petar Chobanov	+0.06
Feb 2, 2024	Dimitar Radev: 2024 - the focus is still on curbing inflation and joining the euro area Dimitar Radev	+0.04
Oct 19, 2023	Petar Chobanov: Sustainable development - training, reporting, expressing assurance Petar Chobanov	+0.09
Apr 5, 2023	Dimitar Radev: Bulgaria in the eurozone – what is next for the business Dimitar Radev	+0.03
Mar 28, 2023	Nina Stoyanova: Bulgaria in the eurozone – what is next for the business Nina Stoyanova	+0.03
Feb 24, 2023	Dimitar Radev: Bulgaria on the road to the euro Dimitar Radev	−0.07
Jan 24, 2023	Dimitar Radev: Another year of strategic challenges Dimitar Radev	−0.02
Dec 1, 2022	Dimitar Radev: It is extremely important to achieve the highest possible synchronisation of monetary and fiscal conditions in Bulgaria. With a clear direction of the monetary policy, the focus falls on the upcoming budget decisions Dimitar Radev	−0.03
Oct 27, 2022	Dimitar Radev: No stone has been left unturned on the topic of euro adoption in Bulgaria Dimitar Radev	+0.20
Jul 1, 2022	Kalin Hristov: Monetary unions in history Kalin Hristov	+0.01
Jun 13, 2022	Dimitar Radev: 30th anniversary of the Association of Banks in Bulgaria Dimitar Radev	+0.12
Jan 24, 2022	Dimitar Radev: The Bulgarian banking sector – opportunities and challenges Dimitar Radev	−0.01
Oct 20, 2021	Nina Stoyanova: The future of money Nina Stoyanova	+0.29
Feb 14, 2021	Nina Stoyanova: Forthcoming new developments in the area of payment services and digitalisation Nina Stoyanova	−0.05
Dec 8, 2020	Dimitar Radev: The Bulgarian banking sector in 2020 – how have we coped and what is forthcoming Dimitar Radev	−0.27
Dec 2, 2020	Nina Stoyanova: Banks and business Nina Stoyanova	−0.31
Nov 18, 2020	Dimitar Radev: Bank supervision and resolution within the Single Supervisory Mechanism and the Single Resolution Mechanism Dimitar Radev	+0.00
Nov 17, 2020	Nina Stoyanova: Adaptation and management of digital portfolios, digital banking services and client contacts in a pandemic crisis Nina Stoyanova	–
Sep 14, 2020	Dimitar Radev: The banks entered the current crisis well-prepared thanks to what has been done in recent years Dimitar Radev	−0.16
Apr 5, 2020	Dimitar Radev: The Bulgarian banking sector under Covid-19 Dimitar Radev	−0.79
Jan 30, 2020	Dimitar Radev: The Bulgarian banking sector and the challenges in 2020 Dimitar Radev	+0.40
Oct 17, 2019	Dimitar Radev: Decision about the euro is strategic, not conjunctural Dimitar Radev	−0.16
Sep 24, 2019	Dimitar Radev: Spillovers from the ECB's monetary policy decisions are fast and strong Dimitar Radev	+0.04
Aug 19, 2019	Nina Stoyanova: Upcoming changes in the area of payment services Nina Stoyanova	+0.01
Jul 8, 2019	Dimitar Radev: Achieving the financial stability objective through macroprudential measures cannot be sustainable without understanding the financial cycle Dimitar Radev	−0.04
May 17, 2019	Dimitar Radev: Eurozone slowdown likely temporary Dimitar Radev	−0.25
May 7, 2019	Radoslav Milenkov: Banking supervision priorities Radoslav Milenkov	–
Feb 3, 2019	Dimitar Radev: Positive trends in the banking sector are expected to continue in 2019, however with possible increased challenges Dimitar Radev	+0.02
Jan 29, 2019	Dimitar Radev: Accession to the euro area - a catalyst for social and economic prosperity Dimitar Radev	+0.01
Dec 5, 2017	Dimitar Radev: Review of Bulgaria's economy and banking system Dimitar Radev	+0.32
May 24, 2017	Dimitar Radev: Recent achievements in resolving Bulgaria's banking sector issues Dimitar Radev	+0.06
Apr 7, 2017	Dimitar Radev: Addressing underlying issues of cross-border investment in the EU Dimitar Radev	−0.27
Feb 24, 2017	Dimitar Radev: Crisis management framework in Bulgaria Dimitar Radev	–
Aug 11, 2016	Dimitar Radev: Assessment of the banking system in Bulgaria Dimitar Radev	–
Jun 14, 2016	Nina Stoyanova: Bank of Bulgaria s latest projects in the area of financial services and payments Nina Stoyanova	+0.17
Jun 10, 2016	Nina Stoyanova: The history of Bulgaria's money Nina Stoyanova	−0.01
Dec 4, 2014	Ivan Iskrov: Review of 2014 as a starting point of reflection on the challenges ahead in Bulgaria Ivan Iskrov	−0.40
Jun 6, 2014	Ivan Iskrov: Central banks and the overhaul of banking regulation Ivan Iskrov	+0.03
Jul 6, 2012	Ivan Iskrov: Conflicts and complementarities between monetary and macroprudential policies Ivan Iskrov	−0.08
May 10, 2012	Ivan Iskrov: Global and regional challenges to the economy and the financial system. Do we have working solutions? Ivan Iskrov	−0.25
Apr 19, 2012	Dimiter Kostov: The world of finance is becoming more IT Dimiter Kostov	−0.02
Apr 3, 2012	Ivan Iskrov: Association of Banks in Bulgaria - 20 years Ivan Iskrov	−0.18
Feb 11, 2011	Ivan Iskrov: Growth and the financial system - lessons from emerging Europe with a focus on Bulgaria Ivan Iskrov	−0.24
Dec 6, 2010	Ivan Iskrov: Reflections on the past year Ivan Iskrov	−0.25
Dec 15, 2009	Ivan Iskrov: Strengthening the regulatory and supervisory capacity of the financial regulators Ivan Iskrov	−0.04
Aug 26, 2009	Ivan Iskrov: Bulgarian National Bank - independence, predictability and transparency Ivan Iskrov	+0.10
May 12, 2006	Ivan Iskrov: Bulgaria and the Francophonian movement Ivan Iskrov	+0.14
Mar 21, 2006	Ivan Iskrov: Financial progress and prospects Ivan Iskrov	+0.04

Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.