With new criteria, the BNB is trying through the banks to tighten housing lending.< /strong>
"It should be known that giving out credits increases inflation. In Bulgaria, we delayed these measures for a long time, this contributed to inflation being higher than what we want and the criteria for entering the Eurozone.
This was commented by the financier Svetlin Tanchev in the studio of "Denyat ON AIR".
In his words, people do not have very large resources, and sharp moves by the Central Bank in this direction would seriously damage the economic environment not only for banks, but also for builders.
"In Bulgaria, we have almost no fixed interest rates, considering that the financial literacy of the society is relatively low - when all the banks start a policy with the increase in the price of the monetary resource, people continue to break the records for loans,", Tanchev warned.
On Bulgaria ON AIR, the financier emphasized that there is no economy that is not affected by global processes, but the forecasts are optimistic.
"In the next one year, the measures taken by the central banks to control inflation will push you off the bottom. They will start going in the other direction if we have taken the right measures to take advantage of this cycle of growth in the next few years," Svetlin Tanchev is convinced.
The financier also commented that over the years the Bulgarian Development Bank (BDB) has not met the goals for which it was created.
"This is a mechanism that should support Bulgarian manufacturers and projects, it should have taken care of creating this sector - small and medium-sized enterprises. In recent years, we have seen that the bank did not fulfill these goals," said the guest.