The governor of the Bulgarian National Bank (BNB) warned in an interview with Bloomberg that politics is becoming a major source of instability and risk for central banks, rather than a factor of stability as it used to be. According to Dimitar Radev, the European Central Bank’s future decisions on interest rates, in which he will participate from January 1, 2026 with Bulgaria’s entry into the eurozone, must be based on the global context and balance of risks, including geopolitical factors and the situation in world trade.

Radev says his knowledge of how a planned economy can fail will prove useful as European Central Bank officials grapple with the consequences of a new wave of interventionist governments in the common currency area.

Editor: Ivo Ivanov

Publication in English: Alexander Markov

Photo: BTA, library